Global Real Estate Prices to Drop: SERI

An economic think tank in Korea says global real estate prices will enter a correction phase this year. The Samsung Economic Research Institute says that's due to a drop in global liquidity stemming from interest-rate hikes in the Eurozone and Japan.

Low interest rates in those regions have led more people to take out loans to buy real estate. The U.S., which was among the earliest to drop interest rates, should be the first to see real estate prices drop.