Home Values Hit All Time High
2017 is shaping up to be an even busier year than 2016.
The combined value of every home in the United States is expected to climb to a record high of more than $29.6 trillion, up 5.7 percent from just one year ago.
To try to put that in perspective....
The U.S. housing market is now worth more than:
The GDP of the United States and China combined
The entire 2015 market cap of every U.S. public company combined (almost $25 trillion)
Plus it is now worth:
20x more than the net worth of the 50 richest Americans ($1.2 trillion)
20x more than 3,000 brand new Boeing 747-8s ($1.2 trillion)