Prices expected to balance out month to month Those fearing the housing bubble apocalypse can finally breathe — it looks like home prices may begin to move laterally on a month-over-month basis moving forward. While the median cost per square foot rose 14.9% year-over-year in July, inventory fell by almost 16% in the same period.…
Metrostudy, a real estate consulting firm based in Houston, analyzes the health of the residential market in metropolitan areas across the U.S. and issued prescient warnings about the coming housing bust as early as 2004. One of its main analytical tools is what makes Metrostudy interesting: drive-bys. Employees drive through newly built—or still being built—home…