America’s Housing Market Gained Trillion in Value in Last Decade
According to new research from Zillow, the combined value of every residential home in the United States was $ 33.6 trillion at the end of 2019, up 3.4% ($ 1.1 trillion) from a year ago and 51% ($ 11.3 trillion) from the start of the decade. Not only that, but the growth in 2019 alone was higher than the entire 2018 GDP of all but 15 nations. Indeed…
“In 2010, the U.S. housing market was struggling to regain its footing in the wake of one of the largest economic and housing downturns on record. But a decade of economic recovery marked by low unemployment, low interest rates and a near-tripling of the Dow Jones Industrial Average contributed widespread home value growth…”
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