Redfin Reports the U.S. Housing Market Gained $2 Trillion in Value Over the Last Year
(NASDAQ: RDFN) — The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
- (NASDAQ: RDFN) — The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
- That’s propping up values for both homes that are already for sale and those that could hit the market in the future.
- Meanwhile, the value of homes in the suburbs rose 5.6% to $29.2 trillion and the value of homes in rural areas increased 6.3% to $7.4 trillion.
- Suburban housing has a much higher total value than rural and urban housing simply because most Americans live in the suburbs.