There are so many wonderful ways to represent the housing crash. Yesterday, I posted a chart that started in 1996 and covered the UK, US and Irish housing markets. Today's chart starts at the peak of each bubble and sees where the average house price is today.
The US is definitely in the lead. The housing crash over there is now almost two years old. Although house prices in Ireland haven't fallen as far as in the US, the Irish crash hit the ten percent decline well before their US counterparts.
As for the UK; the crash was last out of the blocks. However, it is making up ground quickly. Although the UK crash is only six months old, the monthly declines so far has been steeper than the other two crashes.
Many thanks to asteve for an excellent suggestion.