Housing Outperforms Stocks for the Decade

Housing may seem like it’s in the tank, but a look by Forbes at markets over the last decade tells a different story. The magazine reports that the value of a square foot of housing in the U.S. is up 58 percent from its January 2000 level. New York performed the best, rising on average more than six percent a year (homes in New York now cost 91 percent more per square foot than they did in 2000); Los Angeles and Washington, DC aren’t far behind. Milwaukee had a 43 percent gain. The article notes that both the S&P and the NASDAQ are lower now than they were in January, 2000.

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