And if you don't believe us, check out this infographic, which compares the price-per-square foot of U.S. real estate to that of more than two dozen cities around the globe. At just over $1,000 per square foot, property in New York is downright cheap compared with Paris, London and Oslo. And at $54 a square foot, Houston housing is a drop in the oil bucket next to digs in Dubai.
Is it any wonder that in some U.S. cities, foreign investors are credited with keeping the housing market afloat?
Real Estate Infographic provided by CreditSesame.com
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