Wow! We just found out that 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.
If this seems like an unfathomable number, that’s because it is.
Let us try to put it in perspective for you.
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)
In fact, it would take 339 people with the net worth of Bill Gates ($84 billion) to purchase every home in the United States!
It’s clear that our housing market is insanely valuable and your home’s value is a part of that.
If you are wondering how this news has affected how much your home is worth simply let us know your current address and we will send you a custom report even if you are not considering selling it this year.
If you are planning to sell your home this year let me know so that I can provide a more in-depth analysis.