U.S. Housing Market Gained $2.5 Trillion in Value in 2024
U.S. housing market value increased by $2.5 trillion in 2024, reaching $49.7 trillion total, marking a 5.2% year-over-year growth - the second-slowest since 2011. Albany and Rochester, NY led major metros in value growth, rising 11.3% and 11.2% respectively, while Florida markets showed slower growth due to increased supply and natural disaster concerns.
Millennials now own over 20% of the U.S. home market, with their total home value rising 18.8% to $9.7 trillion, though Baby Boomers still maintain the largest share at 41.1% ($19.8 trillion). Rural home values outpaced urban and suburban areas for the seventh consecutive year, increasing 6.4% to $8.1 trillion, compared to urban areas' 4.9% growth to $10.6 trillion and suburban areas' 5.1% rise to $30.8 trillion.
Il valore del mercato immobiliare statunitense è aumentato di 2,5 trilioni di dollari nel 2024, raggiungendo un totale di 49,7 trilioni di dollari, segnando una crescita del 5,2% rispetto all'anno precedente - la seconda crescita più lenta dal 2011. Albany e Rochester, NY hanno guidato le principali aree metropolitane nella crescita del valore, con un aumento rispettivamente dell'11,3% e dell'11,2%, mentre i mercati della Florida hanno mostrato una crescita più lenta a causa di un aumento dell'offerta e preoccupazioni per i disastri naturali.
I millennials ora possiedono oltre il 20% del mercato immobiliare statunitense, con un valore totale delle loro abitazioni che è aumentato del 18,8% a 9,7 trilioni di dollari, sebbene i Baby Boomers mantengano ancora la quota più grande al 41,1% (19,8 trilioni di dollari). I valori delle abitazioni rurali hanno superato quelli delle aree urbane e suburbane per il settimo anno consecutivo, aumentando del 6,4% a 8,1 trilioni di dollari, rispetto a una crescita del 4,9% delle aree urbane a 10,6 trilioni di dollari e un aumento del 5,1% delle aree suburbane a 30,8 trilioni di dollari.
El valor del mercado de vivienda en EE. UU. aumentó en 2,5 billones de dólares en 2024, alcanzando un total de 49,7 billones de dólares, marcando un crecimiento del 5,2% interanual - el segundo más lento desde 2011. Albany y Rochester, NY lideraron las principales áreas metropolitanas en crecimiento de valor, con un incremento del 11,3% y 11,2% respectivamente, mientras que los mercados de Florida mostraron un crecimiento más lento debido al aumento de la oferta y preocupaciones por desastres naturales.
Los millennials ahora poseen más del 20% del mercado de vivienda en EE. UU., con un valor total de sus viviendas que ha aumentado un 18,8% a 9,7 billones de dólares, aunque los Baby Boomers todavía mantienen la mayor participación con un 41,1% (19,8 billones de dólares). Los valores de las viviendas rurales superaron a las áreas urbanas y suburbanas por séptimo año consecutivo, aumentando un 6,4% a 8,1 billones de dólares, en comparación con un crecimiento del 4,9% en las áreas urbanas a 10,6 billones de dólares y un aumento del 5,1% en las áreas suburbanas a 30,8 billones de dólares.
미국 주택 시장 가치는 2024년에 2.5조 달러 증가하여 총 49.7조 달러에 도달했으며, 이는 5.2%의 연간 성장률을 기록하여 2011년 이후 두 번째로 느린 성장입니다. 앨버니와 로체스터, NY는 각각 11.3%와 11.2%의 성장률을 기록하며 주요 대도시에서 가치 성장의 선두주자가 되었고, 플로리다 시장은 공급 증가와 자연 재해 우려로 인해 성장 속도가 느려졌습니다.
밀레니얼 세대는 이제 미국 주택 시장의 20% 이상을 소유하고 있으며, 그들의 총 주택 가치는 18.8% 증가하여 9.7조 달러에 달합니다. 하지만 베이비붐 세대는 여전히 41.1% (19.8조 달러)로 가장 큰 점유율을 유지하고 있습니다. 농촌 주택 가치는 도심 및 교외 지역을 7년 연속 초과하여 6.4% 증가하여 8.1조 달러에 달했으며, 도심 지역은 4.9% 증가하여 10.6조 달러, 교외 지역은 5.1% 증가하여 30.8조 달러에 도달했습니다.
La valeur du marché immobilier américain a augmenté de 2,5 trillions de dollars en 2024, atteignant un total de 49,7 trillions de dollars, marquant une croissance de 5,2% d'une année sur l'autre - la deuxième plus lente depuis 2011. Albany et Rochester, NY ont été en tête des grandes métropoles en termes de croissance de valeur, avec une augmentation de 11,3% et 11,2% respectivement, tandis que les marchés de la Floride ont montré une croissance plus lente en raison d'une offre accrue et de préoccupations liées aux catastrophes naturelles.
Les millennials possèdent désormais plus de 20% du marché immobilier américain, avec une valeur totale de leurs maisons augmentant de 18,8% pour atteindre 9,7 trillions de dollars, bien que les Baby Boomers conservent la plus grande part avec 41,1% (19,8 trillions de dollars). Les valeurs des maisons rurales ont dépassé celles des zones urbaines et suburbaines pour la septième année consécutive, augmentant de 6,4% pour atteindre 8,1 trillions de dollars, contre une croissance de 4,9% des zones urbaines à 10,6 trillions de dollars et une hausse de 5,1% des zones suburbaines à 30,8 trillions de dollars.
Der Wert des US-Immobilienmarktes ist 2024 um 2,5 Billionen Dollar gestiegen und hat insgesamt 49,7 Billionen Dollar erreicht, was einem jährlichen Wachstum von 5,2% entspricht - das zweitniedrigste seit 2011. Albany und Rochester, NY führten die großen Metropolregionen im Wertwachstum an und stiegen um 11,3% und 11,2% respectively, während die Märkte in Florida aufgrund eines erhöhten Angebots und Bedenken hinsichtlich Naturkatastrophen langsamer wuchsen.
Millennials besitzen nun über 20% des US-Hausmarktes, wobei der Gesamtwert ihrer Immobilien um 18,8% auf 9,7 Billionen Dollar gestiegen ist, obwohl die Baby Boomer mit 41,1% (19,8 Billionen Dollar) weiterhin den größten Anteil halten. Die Werte ländlicher Immobilien übertrafen zum siebten Mal in Folge städtische und vorstädtische Gebiete, mit einem Anstieg von 6,4% auf 8,1 Billionen Dollar im Vergleich zu einem Wachstum von 4,9% in städtischen Gebieten auf 10,6 Billionen Dollar und einem Anstieg von 5,1% in vorstädtischen Gebieten auf 30,8 Billionen Dollar.
- Total U.S. housing market value increased by $2.5 trillion to $49.7 trillion
- Millennial home ownership value increased 18.8% YoY to $9.7 trillion
- Rural home values grew 6.4%, outperforming urban (4.9%) and suburban (5.1%) areas
- Eight U.S. metros exceeded $1 trillion in total home value
- 5.2% YoY growth was the second-slowest since 2011
- Three metros recorded value declines, led by Cape Coral (-2.9%)
- Florida markets faced headwinds due to construction boom and natural disasters
- Total market value dropped from peak of $50.4 trillion in July to $49.7 trillion
Insights
The U.S. housing market's $2.5 trillion value gain in 2024 reveals complex regional dynamics and demographic shifts that signal important structural changes in the real estate landscape. The
The emergence of upstate New York markets as growth leaders, with Albany and Rochester posting
Florida's market correction, particularly evident in Cape Coral's
The generational wealth transfer accelerated in 2024, with millennials'
Rural areas' continued outperformance, marking seven consecutive years of superior growth, reflects lasting changes in work patterns and housing preferences post-pandemic. This persistent trend suggests a structural shift rather than a temporary phenomenon, with implications for property valuations and development patterns across market segments.
Redfin reports two upstate
“There are more homes for sale right now than in recent years and that has led to buyer’s markets in many areas of the country. That’s good news, but it doesn’t mean homes are getting cheaper—prices continue to tick up each month,” said Redfin Economics Research Lead Chen Zhao. “We expect prices—and therefore home values—to keep rising steadily this year because there are still enough buyers competing over a relatively small number of listings, compared to before the pandemic.”
Still, the total value of the
The combined value of
It’s worth noting that new construction also helps underpin the overall increase in market valuation.
Major metros in upstate
Major metros in the Northeast gained the most value in percentage terms in 2024, led by
The rising value can be attributed to a shortage of homes for sale in the region, which is driving prices up. Out of all major
The value of properties in
Only three metros recorded a fall in total home value, led by
Florida’s housing market faced multiple headwinds in 2024. The pandemic-driven construction boom increased housing supply, right as buyer demand slowed due to the relative lack of affordability compared to just a few years ago. On top of those impacts, natural disasters—including major hurricanes in October—have led to higher insurance costs and increased climate-related concerns for buyers.
There are eight
Millennials now own more than
Millennials now own more than
The growth for millennials is due to a number of factors, including being the largest generation by population and having reached an age and financial position where they make up the largest share of the homebuying market.
The millennial generation’s growth is nearly four times faster than that of baby boomers, who saw their total home value grow
The value of homes owned by Gen X increased
Growth of rural home values outpaces suburban and urban homes for seventh consecutive year
Rural home values outpaced those in urban areas and the suburbs for the seventh consecutive year, jumping
There are around 59 million homes in the suburbs, compared to 23 million in urban areas and 22 million in rural areas.
To view the full report, including charts, methodology, and additional metro-level data, please visit: https://www.redfin.com/news/housing-market-value-december-2024
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Source: Redfin
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