U.S. Housing Market Gains $2.4 Trillion in Value Despite Fewer Listings

• U.S. housing market gained $2.4 trillion in value over last year; total value now $47.5 trillion • 40% fewer listings today than in 2019, limiting options for homebuyers • Biggest price jumps in Northeast and Midwest cities; suburban properties saw bigger boost • Seattle housing market now worth over $911 billion, up 4.6% from last year • Mortgage rates could be cut 3 times this year starting in May, but limited supply still an issue