FRED recently added a long list of international residential prices from the Bank for International Settlements. The graph above, which offers only a small glimpse of what FRED has to offer, compares the evolution of residential prices for a few countries. Note that the indices are all normalized in 2010, which highlights the large run-up and drop prior to that year in the United States. Similar events also occurred in the other countries, though the effects were much more muted. Surprisingly, Canada seems particularly immune from developments in the United States, except for a temporary drop in 2008.

How this graph was created: Go to the BIS release and select the relevant series. Click on “Add to graph.”

Suggested by Christian Zimmermann