All these houses getting more expensive, it adds up.

I'm David Brancaccio in New York.

Home prices are going up, and here's by how much when you add up the increase in value in all those houses and

apartments the new calculation shows the housing market is now worth 2.4 trillion

dollars more in just a year that's 2.4 million dollars. Homes in the suburbs one up five and a half

percent more than homes downtown. Here's marketplace's Elizabeth Troval.

It's good to be a suburban homeowner right now and there are a lot of them says

Redfins Chen Zow folks who locked in low interest rates during the pandemic and even

that they were called back to the office, you know, are working in a hybrid situation where they're spending less time than the office.

She says increases in suburban home values are here for a while as newcomers to the birds stay put.

The lock-in effect, I think there is stronger than a non-suburban places.

Not just because they have a low interest race, but it's also just because people moved so recently.

Suburban home values may be increasing more than homes

in urban areas on the whole,

but proximity to city centers still matters,

says Nicholas Sch schoolists with housing

data firm Zonda. We see sales and price appreciation both drop off pretty

substantially after the 25 mile mark. He says suburban homeowners still want to be close to downtown amenities.

I'm Elizabeth Troval for Marketplace. In the last six weeks Apple stock has fallen 13.

Investors are worried about a number of challenges facing the iPhone maker.

Year to date, Apple shares are underperforming compared to other big tech firms in the so-called Magnificent

Seven.

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