The national housing market has gained a tremendous amount of value in recent years, and a new report is trying to quantify the increase.
The Zillow report released last week analyzes the aggregate value of residential real estate in each state and some of the largest metro areas. For the DC area, the housing market is worth $892 billion, an increase of almost $27 billion since last year.
California is where the real housing wealth has been gained in the last six years. Since 2012, a third of the national market’s $10.9 trillion gain in housing values has come from California.