The value of the U.S. housing market continues to climb, gaining 6.2 percent in 2018 to reach a total value of $33.3 trillion, according to Zillow.
A third of the market’s $10.9 trillion gain since its housing-bust low in 2012 has come from California. The Golden State’s value has climbed $3.7 trillion since February 2012, the nation’s housing-crash low.
The total value of all homes in the New York City metro area is the highest among metros analyzed, at $3 trillion — on its own accounting for 9.1 percent of the country’s total housing value. Four of the country’s 10 most valuable markets are in California: Los Angeles, which rose 5.2 percent to $2.9 trillion; San Francisco, up 9.3 percent to $1.6 trillion; San Jose, which gained 10.4 percent to $799.6 billion; and San Diego, up 3.4 percent to $673.5 billion.
The housing stock in some pricey metro areas is so valuable, in fact, that the total value in one market often eclipses that of all housing in
