Tuesday, January 24, 2012

Housing Bust Equalizes Prices

Everyone knows housing is a bargain in Ohio, where real estate prices are often well below $100 per square foot. Thanks to the housing bust, prices in many other areas of the country are an even bigger bargain.

A new analysis by the Federal Reserve Bank of Cleveland shows that housing prices in Atlanta and Charlotte are now on a par with prices in Ohio's metropolitan areas. In Phoenix, Orlando, and Tampa, median sales price per square foot is even lower than in Cleveland or Akron.

Source: Federal Reserve Bank of Cleveland, Trends in Housing Prices per Square Foot

No comments:

Post a Comment