Home Values Across America - Price Per Square Foot

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Subject:	Price Variations In Home Values Across America And Policy Mismatches
Date:	Mon, 12 Apr 2010 10:42:43 -0700
From:	Jas Jain

These prices are from the data provided by Radar Logic on a daily basis. 16 of the 25 metros ARE at their lows and few areas that fell sharply sooner are up slightly with the exceptions of Boston and San Diego that are up double-digit (these were the leading edge of decline in terms of the timer-line). The PPSF for the US as a whole is highly distorted by the 5 most expensive areas, 4 in CA and NYC.

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The Recent LOWs In Price Per Squre Foot
( of All Residential Sales In the Metro Areas):
Detroit,	62.49
Atlanta,	68.05
Cleveland,	68.77
LasVegas,	75.96
Phoenix,	80.50
Tampa,	80.60	LOW
Jacksonville,	83.69
Columbus,	84.42
StLouis,	86.48
Charlotte,	87.16
Milwaukee,	96.61
Miami,	102.02
Minneapolis,	107.44	Median
Denver,	111.76
Chicago,	115.24
Sacramento,	116.24
Philadelphia,	133.75	Above Ave.
Boston,	158.32
Seattle,	163.22
Washington,	163.98
25 Composite	185.38	US
SanDiego,	188.47
LosAngeles,	237.24
NewYork,	237.46	High
SanFran,	238.53
SanJose,	288.74

Even though here we have just one set of economic data but the same sort of statistical disparities are to be seen I many important data, e.g., the unemployment rates in various states. America, like the EU, is not a nation but an empire of disparate states. The #1 reason that the American economic policies cannot succeed is that the conditions of different states and different parts within some of the largest states don't have much in common. As an American huckster would note: One size doesn't fit all. But with a highly centralized government that is what you get. American central planning of the economy has lot more in common with the Soviet Union as the Federal govt has kept getting bigger and bigger. We need crises to get an even bigger govt! Therefore, crises would continue as those in power seek more power.

Jas

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Real Estate

• Tax Breaks and Tax Credits For Homeowners
• Best Mortgage Rates
• Libor Rates
• Libor Rates at at Glance

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