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Sponsored by Quicken Loans |
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Housing Value at Record-High: Will Buyers Be Able to Keep Up? |
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Housing's collective value grew to $29.6 trillion this year, a record-high reflecting 5.7 percent appreciation—an additional $1.6 trillion—in 2016, according to a recently released analysis by Zillow. The most housing value in the nation is in Los Angeles, Calif., New York, N.Y., and San Francisco, Calif., at 8.6 percent, 8 percent and 4.2 percent, in order. The continuing growth in prices, however—now marking a full recovery since the crash—has the potential to push more prospective homebuyers to the sidelines, says Zillow Chief Economist Dr. Svenja Gudell. "Housing is incredibly important to us personally and to the economy as a whole," says Gudell. ...
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