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Zillow: U.S. housing market worth $33 trillion


The U.S. housing market has gained nearly $11 trillion in value since the low in 2012, but a third of that gain has come in California, according to Zillow.

Zillow valued the residential market at $33.3 trillion to end 2018, up $10.9 trillion in the six years. California’s value has risen $3.7 trillion in that period, and it was the only state where home values have climbed by more than $1 trillion since 2012.

Among metros, the New York market was tops in value at $3 trillion, which represented nearly 9.1 percent of the entire country’s value. Four of the nation’s top 10 cities are in California, including Los Angeles ($2.9 trillion); San Francisco ($1.6 trillion); San Jose ($799.6 billion); and San Diego ($673.5 billion). 


 

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