Check out the under/over valuation graph on this page: http://www.economist.com/news/finance-and-economics/21695912-valuations-globalised-cities-are-rising-much

Check out the under/over valuation graph on this page: http://www.economist.com/news/finance-and-economics/21695912-valuations-globalised-cities-are-rising-much-faster-their http://www.economist.com/news/finance-and-economics/21695912... Seems to be objective evidence that house prices in Canada, UK and Australia are overvalued, while house prices in US, Germany and Netherlands are not.