Housing Values Expected to Climb to Record Rates
Our fearless leader and head Home Selling Advisor, Kris Bowen, and his team are involved in a lot of local real estate transactions and are directly connected to a plethora of informational databases. They also have their own huge database of information of their own that they use to find patterns and trends in the real estate marketplace. They use any newly found information to correctly market their client's homes to sell (or buy) homes effectively.
Here's the new found information that you probably need to know if you have a home.
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% from just one year ago.
If this seems like an unfathomable number, that’s because it is.
The U.S. housing market is now worth more than:
- The GDP (Gross Domestic Product) 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 if you have a home, 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 reach out to us here, and we will send you a custom report even if you are not considering selling this year, or find the link down below.