Many U.S. homes now cheaper per square foot

The price per square foot of homes declined in 22 of 25 U.S. metro areas tracked in a February price index compared to the same month last year, real estate data and analytics company Radar Logic reported today.

The company's RPX Monthly Housing Market Report found that the price per square foot plunged 29.8 percent in Sacramento, Calif., during a 28-day period in February compared to that period last year, which was the steepest decline among the group of 25 metro areas. The price-per-square-foot metric is intended to reduce the influence of house sizes on price trends.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.