Housing market in the U.S. up $20 trillion in the last five years

(CNN, KYMA) - Real estate company Zillow released data Monday showing America's housing market has climbed 57% since 2020 to a record $55-trillion.

This means the market has gained $20 trillion in just the last five years.

The findings highlight a housing market that remains historically expensive, with values climbing even as elevated mortgage rates sideline would-be buyers and force sellers to slash asking prices.

In contrast, pandemic-era boom states Florida, California and Texas lost billions in their housing markets in 2025.

Real estate agents in those states say a lot of houses are on the market, but many sellers have to offer price cuts or concessions because buyers won't pay the same elevated prices they may have paid a few years ago.