America’s homes are now worth a record $55.1 trillion, a massive $20 trillion jump since the eve of the pandemic, according to a new Zillow analysis. But growth has slowed in the past year as high costs cooled buyer demand, with U.S. housing gaining a modest $862 billion.
For most households, a home is their biggest financial asset, meaning even modest changes in value can ripple through family budgets and the broader economy. This year’s shifts show how the geography of home value gains is rotating away from pandemic boomtowns, as well as the role new
