Why house prices are surging once again

Is a contemporary housing growth underneath approach? In April a house-price index for the world, excluding China, rose by greater than 3% yr on yr (see chart 1). American home costs are 6.5% greater than a yr in the past, Australian ones are up by 5% and Portuguese ones are hovering. In different international locations, the market seems surprisingly robust given years of excessive rates of interest (see chart 2).