U.S. homeowners have gained $9.1 trillion of housing value over the past year as housing prices continued to climb amid a severe shortage of homes for sale, according to a new report from Redfin. The value of U.S. homes surged 31.4% year over year to a total of $38.3 trillion last month, far outpacing the 9.7% ($2.6 trillion) annual increase seen the prior November.
Home prices have skyrocketed during the pandemic as record-low mortgage