Excellent analysis. Highly recommended for all and any in the current real estate market, or even for homeowners who would otherwise be misled by 'extend and pretend' bankster games.
Dollars per square foot is the most accurate measure of current market value, never heard of it before this article.(Edit: as it applies to residential properties, not commercial, of course.)
I'll bookmark this RE analyst, he is the real deal. We are getting all sorts of hype here in NorCalifornia that the 'bottom is in', and directed towards the lack of properties available on MLS for sale. Now we know why, the banksters are stuffing some cards under the table(off the market foreclosures), so the 'appearance' of scarcity can be foisted upon the unsuspecting.
Sounds familiar doesn't it, more extend and pretend games, LOL.