2017 is shaping up to be an even busier year than 2016.
The combined value of every home in the United States is expected to climb to a record high of more than $29.6 trillion, up 5.7 percent from just one year ago.
To try to put that in perspective....
The U.S. housing market is now worth more than:
The GDP of the United States and China combined
The entire 2015 market cap of every U.S. public company combined (almost $25 trillion)
Plus it is now worth:
20x more than the net worth of the 50 richest Americans ($1.2 trillion)
20x more than 3,000 brand new Boeing 747-8s ($1.2 trillion)