U.S. Home Values Just Hit a Record $29.6 trillion

The total value of the U.S. housing stock grew 5.7% from 2015 to a record $29.6 trillion, according to a new report on Friday from Zillow (Z) - Get Report . At the current level, the U.S. housing market has regained all of the value lost during the housing crisis from 2006 to 2012, according to Zillow, which tracks national housing prices. The most valuable housing market: Los Angeles-Long Beach-Anaheim, at $2.5 trillion. Los Angeles holds 8.6% of the country's housing value. New York comes in a close second with 8% of the country's value. The next most valuable metro market is San Francisco, home of the tech elite, which is worth 4.2% of the overall housing value.

This article was written by a staff member of TheStreet.