Comment on The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom

The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom

US housing marketadamkaz/Getty Images The US housing market just reached a new all-time high valuation of $47 trillion, Redfin reported. That surpassed the previous record of $46.6 trillion set a year earlier. Low inventory has pushed up home values, according to a Redfin analysis of 90 million US residences. Tight inventory in the US housing market helped push its total valuation a new all-time record of $46.8 trillion in June, according to Redfin.That beats out the prior record set last year, of $46.6 trillion.

 

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