📊 Shocking Stat of the Day:

🏠 The total value of US real estate has hit a new record of $49.6 trillion as of June 2024!

Key Highlights:

- 📈 This marks a 6.6% increase (or $3.1 trillion) over the past 12 months, according to Redfin.

- 🚀 The total value of US homes has DOUBLED in 8 years and surged by ~65% since 2020.

- 💸 To put it into perspective, the total value of US real estate now equals a whopping 173% of US GDP.

- 🏡 Meanwhile, the median existing home is now selling for the same price as the median new home.

The US real estate market continues to set new records and reshape the economic landscape!

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