More than a fifth of the nation’s housing value resides in California, according to Zillow. Homes in California are worth a cumulative $7.8 trillion, more than the next three states combined, and the state boasts four of the 10 metro areas with the highest total housing value — Los Angeles, San Francisco, San Jose and San Diego.
North Dakota , Wyoming and South Dakota , three of the least-populous states, have the smallest shares of the U.S. housing market. Alaska was the only state where the housing stock lost value in 2020, down 1.8% or about $1.5 billion. That was caused by relatively low levels of new construction and declining values among homes in Alaska's top tier.
Zillow found that over the past decade, the total value of the housing stock has more than doubled in six states. Idaho leads the way, gaining 149% since 2011. Most of that growth comes from the Boise metro, where the total housing stock has more than tripled in value during that time, the most of any of the 100 largest U.S. metros. Nevada , Utah , Arizona , Colorado and Washington also saw their total housing market value double over the past decade.
Although the pandemic continues to upend the housing market in many ways, Selma Hepp, deputy chief economist at data analytics provider CoreLogic, predicts competition among buyers will continue to drive home prices up. “The housing market continued to hold stronger than expected throughout the last months of 2020 and despite increases in infection rates across the country,” she said. “With mortgage rates steadily falling through the end of the year and buyers realizing that the pandemic is still far from over, robust demand was not fazed by traditional seasonal slowdown.
Very crazy
There is no hyperinflation /s.
Every city except Chicago due to the exorbitant property taxes. When do the people of Chicago gain rights to sue for improper and fraudulent money management? The only people to hold properties for decades and see losses. TaxCorruption CrookCounty