Tuesday, January 5, 2016

Trillion-Dollar Housing

The housing market seems to be just about recovered to pre-recession levels, and here's another indicator of that: The total value of the nation's housing stock is almost where it was at its peak in 2006, according to Zillow, a real estate data tracker.

The nation's collective homes are now worth $28.5 trillion. The previous peak for the market came in October 2006, when the nation's housing stock was valued at $29.2 trillion. We're about $782 billion away from that, which may sound like a lot - but we're at 98 percent of the previous mark.

The value of the housing market bottomed out in December 2011, at around $23 trillion. Since that low point, our homes have added an astonishing total value of $5.3 trillion.

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