U.S. ranked seventh-worst housing market in the world

While the nation’s housing woes may feel profound, the U.S. ranked just seventh on Business Insider’s list of the top 11 worst housing markets in the world. A Case-Shiller report released today showed that housing prices in the U.S. are down 3.1 percent from a year ago, but other global markets are faring much worse. The worst market, Ireland, has seen a 10.8 percent decline in home values since this time a year ago, according to data from Knight Frank, a global real estate database, while second- and third-place markets, Lituania and the Ukraine, saw a 10.1 percent drop and 7.8 percent drop, respectively. [Business Insider]