Zillow data that CNN cites emphasizes that the housing market has never been worth so much. The value of the market increases even when the increased interest rate on mortgage loans scares off potential buyers and forces sellers to reduce starting prices.
Profits on the housing market did not spread evenly in 2025. New York added $ 216 billion. values over the past year. This is more than any other condition.
“Demand still exceeds the supply in the northeast,” said Orphe Divious, senior economist in Zillow, whose words cites CNN.
“Looking at the housing resources in New York, there are only half less houses for sale than before Pandemia. So the value of existing housing resources in this market has really increased,” he pointed out.
Historical value of the real estate market in the USA
On the other hand Florida, California and Texas, which survived the pandemic boom, lost billions in their housing markets. Once magnets for buyers looking for the sun in these states began to cool down.
Agents from Florida, California and Texas in an interview with CNN admitted that real estate to develop on the market constitute an increasing part, and the seller had to offer price reductions or concessions to encourage buyers.
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This is partly caused by the explosion of insurance rates and property taxes. Florida, together with California and Texas, is particularly vulnerable to deteriorating natural disasters caused by climate change, as a result of which the costs of home insurance have increased rapidly.
The report prepared last month by the company providing financial services Intercontinental Exchange showed that 85 percent. Florida's counties showed a decrease in house prices compared to last year.
