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US Housing Market Value Up 49% from the Start of the Pandemic

US Housing Market Value Up 49% from the Start of the Pandemic

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total value of the U.S. housing market is now 49% higher than the level at February 2020, the period before the start of the Covid-19 pandemic. According to data from Zillow Group (NASDAQ:Z, ZG), the housing market’s total value is slightly less than $52 trillion,...
Zillow: Home Values at New Record High

Zillow: Home Values at New Record High

by Phil Hall | Jul 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. home value rose above the $350,000 mark for the first time in June, according to new data from Zillow (NASDAQ:Z, ZG). Last month, the typical home value reached $350,213, up 1.4% from and almost 1% higher than the level set in June 2022. Home values...
Survey: Most Younger Homeowners Are Spying on the Value of Friends’ Homes

Survey: Most Younger Homeowners Are Spying on the Value of Friends’ Homes

by Phil Hall | Jun 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The concept of keeping up with the Joneses has a new digital twist as most younger Americans go online to spy on the value of their friends’ homes. According to a new survey by Mphasis Digital Risk of 1,386 adults ages 46 and younger, the majority (66%) acknowledged...
Zillow: Home Values Up 1.4% in May

Zillow: Home Values Up 1.4% in May

by Phil Hall | Jun 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home values grew by 1.4% from April to May, the strongest monthly appreciation since last June, according to new data from Zillow Group (NASDAQ:Z, ZG). The home value as of May was $346,856, up 0.9% year-over-year. Zillow Senior Economist Jeff Tucker noted the...
Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

by Phil Hall | May 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

American homeowners did not receive a vote of confidence from Elon Musk, who predicted the nation’s home values will be collapsing sooner rather than later. The Tesla (NASDAQ:TSLA) chieftain offered his doom-and-gloom prophecy on Twitter in response to comments made...
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