Price Per Square: A Global Perspective
Did You Know that housing in major U.S. cities is relatively inexpensive compared to other cities around the world?
In fact, a 1,000 square foot home in San Francisco, one of America's most expensive markets, is three times cheaper than the same-sized home in London, and six times cheaper than a home of that size in Paris.
Let’s use the price per square foot value to break costs down:
Source: Credit Sesame
The United States remains one of the most affordable housing markets in the world, making homeownership possible for a large percentage of America's families – the homeownership rate was 65 percent in the first quarter of 2014.
Read other Did You Know? posts in our series to celebrate National Homeownership Month.