[massysett]

"the inflation-adjusted price of new homes has been relatively stable since 1973 in a range between about $105 and $125 per square foot"

However this is only new homes, not used homes.

http://www.aei.org/publication/todays-new-homes-are-1000-squ...

[seanp2k2]

Maybe true in aggregate, but not true of many cities these days. For example, you can't touch a new home of any size in the Bay Area for less than about 750k, and that's even a long stretch. 250k for 2,000sqft would be a dream for many here.