California Captured One-Third of the National Housing Recovery
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: PR Newswire
SEATTLE, Jan. 3, 2019 /PRNewswire/ -- The U.S. housing market is more valuable than ever, worth a cumulative $33.3 trillion in 2018. Since the market hit its lowest point in 2012, it has gained $10.9 trillion in value, and is now worth $4 trillion more than it was at the peak of the housing bubble. A home is the single largest source of wealth for many households, and the collapse of the housing market and subsequent recession demonstrated the importance of housing to the overall U.S. economy. The California housing market accounts for nearly one-third of the value gained during the nationwide housing recovery. The Golden State's total housing value has grown by $3.7 trillion since early 2012. It is the only state that has gained more than $1 trillion in value since the market fell. Ten states have yet to regain the value lost during the Great Recession. Despite holding the number two spot when it comes to dollar contribution to the national housing recovery (a contribution of $937.9
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