The U.S. housing gained a record-breaking $6.9 trillion in value during 2021, according to new data report from Zillow Group Inc. (NASDAQ:Z) (NASDAQ: ZG). That is nearly double the previous record-breaking annual gain of $3.7 trillion seen in 2005.
What Happened: Zillow said the full U.S. housing stock is now worth $43.4 trillion, which was fueled by strong demand in a market with limited supply. Home values grew 19.6% last year, an all-time high in more than two decades of Zillow's data records.
