Total Value of US Real Estate Fell $2.3 Trillion in Second Half of Last Year, the Largest Drop Since The Financial Crisis

Telah Terbit: Feb 23, 2023 13:22
The US real estate market has seen its biggest drop in value since 2008 as the boom fades due to the pandemic. Total US home values fell by $2.3 trillion, or 4.9%, in the second half of 2022 after peaking at $47.7 trillion last June, according to real estate brokerage Redfin.

The US real estate market has seen its biggest drop in value since 2008 as the boom fades due to the pandemic. Total US home values fell by $2.3 trillion, or 4.9%, in the second half of 2022 after peaking at $47.7 trillion last June, according to real estate brokerage Redfin.

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