Number of Trillion-Dollar US Metros Doubles in a Year

Eight US cities now boast housing markets valued over $1 trillion, reflecting surging home prices and limited supply.

New York, Los Angeles, Atlanta, and Boston have been joined by Chicago, Phoenix, Washington D.C., and Anaheim.
The total value of US homes increased by $3.1 trillion in the past year, reaching a record $49.6 trillion.
San Diego and Seattle are close to joining the trillion-dollar metro club.
The surge in home prices is attributed to low supply and pandemic-era borrowing costs.
Home values in suburban areas have surpassed $30 trillion for the first time.