A report from LendingTree explored what the most valuable cities in America are by analyzing the total value of residential real estate in American cities. The report finds American households own $29.2 trillion of residential real estate—a large portion of the $107 trillion in total household net worth in America.
"The real estate values come from the My LendingTree property value database, which is a collection of real estate data of more than 155 million U.S. properties," according to the report. "The total value of residential real estate in the database was $32.6 trillion, close to the Federal Reserve’s estimate of total residential real estate value of $32.9 trillion."
LendingTree found that the top five most valuable cities in America are New York, Los Angeles, San Francisco, Chicago and Washington D.C. New York landed the top spot with a total residential real estate value of $2.8 trillion and a median home value of $501,000. Los Angeles came in at number two with a total residential real estate value of $2.3 trillion and a median home value of $668,000. San Francisco earned the third spot, with a total residential real estate value of $1.3 trillion and a median home value of $959,000.
LendingTree also provided a complete list of the top 50 cities ranked by value. You can check the full list below.
Lenders report rising second-lien production as homeowners protect low first-mortgage rates
Home equity lending is growing fast, and industry executives expect it to surpass Non-QM in origination volume as soon as 2027."I think equity originations are expected to surpass NonQM originations in 2027," said Tom Davis, chief sales officer at Deephaven Mortgage.The grow...
Realtor.com reports a sharp decline in purchase activity as higher rates erode borrowing power
Home contract signings fell 17% year over year in October, reaching their lowest level for the month on record, as higher mortgage rates continued to squeeze buyers out of the purchase market, according to Realtor.com's latest housing report.The annual decline was the steepe...
Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December
The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels
September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions
The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders
Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028