Overview

• New York, Los Angeles, Atlanta, and Boston have been joined by Chicago, Phoenix, Washington D.C., and Anaheim.
• The total value of US homes increased by $3.1 trillion in the past year, reaching a record $49.6 trillion.
• San Diego and Seattle are close to joining the trillion-dollar metro club.
• The surge in home prices is attributed to low supply and pandemic-era borrowing costs.
• Home values in suburban areas have surpassed $30 trillion for the first time.