Homes, now cheaper than Ever
25 August 2009
If area is taken into account, the current home prices in the US are at the lowest levels in many years and that goes for all the levels of the spectrum. The realty business has relied on the price/square foot metric to avoid the influencing of house sizes on pricing trends.
The prices per square foot have decreased by more than 25% for some metro areas with some experiencing increases in mere points. Indexes that track changes to 20 major US cities have a combined price decrease of around 12% which is another sign of the growing pains in the industry that is waiting for signs of hope that the crisis is going to end soon.
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