America’s Top Cities: Cheapest Real Estate in the World?

on September 26, 2011
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That the real estate market is in turmoil is hardly news. In fact, U.S. new-home sales fell yet again in August, hitting a six-month low, according to the Commerce Department. The median sales price moved in the same direction and is now at 7.7% below year-ago levels. With bad news hitting the real estate market month after month, it’s easy to lose sight of the bigger, global picture. Namely, even though many economists predict that prices may continue to fall, thus expressing a view that U.S. real estate is still overpriced, real estate in America’s top cities is cheap when compared with the rest of the world. Consider this: at an average $1,068 per square foot, Manhattan real estate is prohibitively expensive for most Americans — yet is more than three times cheaper than real estate in Paris, an average $3,287 per square foot.

In this infographic, we put America’s real estate prices in a global perspective.

Real Estate Infographic Provided By CreditSesame.com

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  1. America’s Top Cities: Cheapest Real Estate On Earth? (INFOGRAPHIC) | The Basis Point , 8:37 am
    [...] America’s Top Cities: Cheapest Real Estate On Earth? (INFOGRAPHIC)  |  Share  |   |  PRINT Great infographic from Credit Sesame via WSJ. Interesting follow up to today’s report from S&P Case Shiller on July Home Prices. Click image for full size and writeup. WSJ has more on Credit Sesame. [...]
  2. The bigger picture: American real estate cheapest in the world , 6:33 am
    [...] Photo credit: Credit Sesame [...]
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    [...] • Retail Jobs Pick Up in West & South • Interesting Graphic: America’s Top Cities: Cheapest Real Estate In The World? • DBJ Reports Tenant Demand Increasing for Live-Work-Play in DFW • Devastating News for [...]
  4. The world’s cheapest real estate? , 1:35 am
    [...] Credit Sesame: America’s Top Cities: cheapest real estate in the world? Category: Uncategorized 0 Comments /* [...]
  5. Inforgraphic: America’s Real Estate Cheap Compared To Other Large Cities In The World « Economics Info , 8:01 pm
    [...] Source [...]
  6. San Francisco real estate prices infographic - compared to global prices , 8:23 am
    [...] new here, you may want to subscribe to our newsletter or RSS feed. Thanks for visiting!The folks at Credit Sesame published a rather interesting infographic yesterday that puts America’s real estate prices in a global context. While much hay has been [...]
  7. Maine Real Estate Blog » Which City Has The World’s Most Expensive Real Estate? , 8:28 am
    [...] to a chart by Credit Sesame, the average cost per square foot in Manhattan is $1,068. That's about $500 [...]
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  9. Matrix » [America's Top Cities] PPSF Cheaper Than Iraq? , 7:01 am
    [...] an infographic that caught my eye – largely because they used my Manhattan 2Q 2011 PPSF of $1,068. Not sure [...]
  10. 11 Places With More Expensive Real Estate Than New York City | Athens Report , 11:26 am
    [...] $1,068 per square foot, New York City remains the most expensive real estate market in the United States, according to money management firm Credit Sesame (via [...]
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    [...] Colin Dobrin, “America’s Top Cities: Cheapest Real Estate in the World?” – 26 September [...]
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