How Big Is That?

[djd09]

Total Value of All U.S. Homes: $31.8 Trillion. How Big Is That?

By Zillow Research on 12/28/2017

The total value of all U.S. homes in 2017 is $31.8 trillion.

Homes in the Los Angeles and New York metro areas are worth $2.7 trillion and $2.6 trillion, respectively, the size of the U.K. and French economies.

Renters spent a record $485.6 billion in 2017, an increase of $4.9 billion from 2016.

https://www.zillow.com/research/total-value-homes-31-8-trillion-17763/

Up, up, and away.

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[bnmappraisal]

How Big Is That?

That's a LOT of zeroes!

 

[Randolph Kinney]

It's all on paper so the next time the market crashes ...

 

[AMF13]

It's all on paper so the next time the market crashes ...

Used to be. Now it's mostly just ones and zeros. Easier to erase.