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The total value of U.S. homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a report from technology-powered real estate brokerage Redfin. This represents a 6.6% year-over-year increase with the total value of U.S. homes more than doubling in the last decade, increasing nearly 120% from $22.7 trillion in June 2014. While 13 major metros posted double-digit percentage gains in total property value in the last year, the report shows Cape Coral was the only metro to record a fall in total home value, dropping 1.6% year over year to $204.2 billion. Sun Belt metros grew slower than those in other regions, including North Port, which increased 2.1% to $251.8 billion. 

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