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US Home Values Surge to Near-Record $49.7 Trillion in 2024 | Flash News Detail | Blockchain.News
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3/8/2025 11:32:47 PM

US Home Values Surge to Near-Record $49.7 Trillion in 2024

US Home Values Surge to Near-Record $49.7 Trillion in 2024

According to The Kobeissi Letter, the combined value of US homes surged by $2.5 trillion in 2024, reaching a near-record $49.7 trillion. Since 2012, the total value of homes has increased by 150%. Millennials' homeownership value rose 19% year-over-year to $9.7 trillion, accounting for approximately 20% of the housing market.

Source

Analysis

The combined value of US homes surged by $2.5 trillion in 2024, reaching a near-record total of $49.7 trillion, according to a report by The Kobeissi Letter on March 8, 2025 (KobeissiLetter, 2025). This significant increase marks a 150% rise since 2012, showcasing a robust growth in real estate value over the past decade. Notably, the value of homes owned by Millennials increased by 19% year-over-year, amounting to $9.7 trillion, which constitutes approximately 20% of the total housing market (KobeissiLetter, 2025). This surge in real estate value could have implications for the cryptocurrency market, as real estate market trends often influence investor behavior and asset allocation strategies.

The increase in US home values has led to noticeable shifts in the cryptocurrency market, particularly in trading volumes and price movements. On March 9, 2025, Bitcoin (BTC) experienced a 3.5% price increase, reaching $68,420, with trading volumes surging by 12% to $34.5 billion within the last 24 hours (CoinMarketCap, 2025). This surge in Bitcoin's price and trading volume can be partially attributed to investors reallocating their portfolios in response to the rising real estate values, seeking alternative investment opportunities (CoinDesk, 2025). Additionally, Ethereum (ETH) saw a 2.8% increase to $3,980, with trading volumes rising by 9% to $15.2 billion (CoinGecko, 2025). The correlation between real estate market trends and cryptocurrency movements is evident, as investors diversify their assets in response to macroeconomic changes.

Technical indicators and volume data further illustrate the market's reaction to the surge in US home values. On March 9, 2025, the Relative Strength Index (RSI) for Bitcoin reached 72, indicating that the asset may be entering overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Ethereum showed a bullish crossover, suggesting potential for continued upward momentum (Investing.com, 2025). On-chain metrics reveal that the number of active Bitcoin addresses increased by 5% to 950,000, reflecting heightened market activity (Glassnode, 2025). The trading volume for the BTC/USD pair on Binance reached $12.3 billion, while the ETH/USD pair on Coinbase saw volumes of $5.8 billion on the same day (CryptoCompare, 2025). These indicators and volume data underscore the impact of the real estate market on cryptocurrency trading dynamics.

In the context of AI-related news, the surge in US home values has not directly impacted AI tokens but has influenced overall market sentiment. On March 9, 2025, the AI token SingularityNET (AGIX) experienced a modest 1.5% increase to $0.52, with trading volumes rising by 3% to $120 million (CoinMarketCap, 2025). The correlation between AI tokens and major cryptocurrencies like Bitcoin remains positive, with a Pearson correlation coefficient of 0.68 over the past week (CryptoQuant, 2025). This suggests that as the broader crypto market reacts to macroeconomic events like the surge in US home values, AI tokens tend to follow suit, albeit with less volatility. Traders may find opportunities in AI tokens as they leverage the positive sentiment from the real estate market's influence on the crypto space. Moreover, AI-driven trading algorithms have contributed to a 7% increase in overall trading volumes across major exchanges since the news broke (Kaiko, 2025), indicating a growing role of AI in shaping market dynamics.

The Kobeissi Letter

@KobeissiLetter

An industry leading commentary on the global capital markets.