“Prices are still shooting up.”

“The median price for a single-family house jumped 12.6 percent in July, the ninth straight month of double-digit, year-over-year increases. The steady rise continued to be spurred by a tight supply of available homes.”

Here is Original Article:
Home Prices Rise Again

Interesting article at CNBC.  Monaco, Hong Kong, & London are the most expensive prime markets in the world, priced at 17, 20, and 22 square metres for U.S. $1 M.  New York City ranked as most expensive U.S. city, with $1 million buying 27 square metres (290 square feet).  Some notable values include Berlin and Tokyo at 96 and 83 square metres per $1 M, respectively.  Florida’s prime market of Miami is a global value at 77 square metres per $1 M.  Best value for prime markets in world are found in Cape Town, South Africa and Sao Paulo, Brazil, at 255 and 203 square metres for U.S. $1 M.

Here is original article:  What $1 Million Buys You in Global Market