A “For Sale” sign is displayed in front of a new home in a housing development as a maintenance worker sweeps the street in Fairfax, Virginia, on Aug. 22, 2023. (Andrew Caballero-Reynolds/AFP via Getty Images) The housing market in the United States has shown remarkable recovery so far in 2023, with a new Zillow estimate putting the overall value of the market at $51.9 trillion, $1.1 trillion higher than the previous peak reached in June 2022. That total value also represents a 49 percent increase over home values prior to the start of the pandemic in February of 2020.
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