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U.S. Housing Market Grows to Record $52 Trillion: Zillow

Saturday, Sep 30 2023
Lending
Written by  The Mortgage Leader

U.S. home values have roared back to new highs after a brief pullback late last year, according to Zillow. So reports Elite Agent.

Zillow 150x150Zillow figures the total value of the U.S. housing market is now nearly $52 trillion, up $2.6 trillion from a year ago and a $1.1 trillion increase from the previous record set in June 2022.

Orphe Divounguy, senior economist at Zillow, said that the sale of newly constructed homes this spring and summer helped boost the market’s value.

Read the full article from Elite Agent.

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