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15 Cities With the Most Expensive Homes per Square Foot 15 Cities With the Most Expensive Homes per Square Foot Homebuyers in these metros might experience some sticker shock. One of the COVID-19 pandemic’s most noteworthy economic effects is the unusual set of conditions currently facing the real estate market. After a full year of working and schooling from home and with many employers considering whether to continue remote work arrangements even after the pandemic is under control living space is at a premium. Simultaneously, government stabilization and stimulus measures during the pandemic, including sustained low interest rates and multiple rounds of cash payments to individual households, have pumped money into the economy. For middle and upper-income earners whose jobs easily transitioned to remote work and never experienced the economic shock of losing a job these measures have helped boost savings rates to record levels. A growing number of would-be hom ....