The value of the housing market in America's largest metros has surged to $23 trillion

• The value of the housing market across the nation's 50 largest metro areas has hit $23.48 trillion, LendingTree said.
• That figure soared by about 38% between 2019 and 2022.
• New York, Los Angeles, and San Francisco are the metro areas with the most valuable housing markets.

The US housing market has soared in value over the last few years. 

A new LendingTree report found that the total value of owner-occupied housing units across the biggest 50 metro areas in the US has reached $23.48 trillion. 

That figure rose by about 38% from 2019 to 2022, from about $17.02 trillion in the year before the pandemic.