Los Angeles is "America’s Most Valuable Housing Market with $2.5 trillion Value
A year-end market-value report from home listings site Zillow concludes that Greater Los Angeles is the American champion. "The total value of all homes is $2.5 trillion, a 6.4 percent change from last year, or [a gain of] $154 billion," according to a statement from Zillow spokeswoman Lauren Braun.
"Homes in the glitzy Los Angeles metro, America’s most valuable housing market and home to ultra-wealthy enclaves including Beverly Hills and Malibu, have ... more than double the combined wealth of America’s 50 richest citizens," according to the Zillow report.