Wow! I 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 percent from just one year ago.
If this seems like an unfathomable number, that’s because it is.
Let me try to put it in perspective for you.
The U.S. housing market is now worth more than:
- The GDP 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 your home’s value is a part of that.