Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lendingtree Inc    TREE

LENDINGTREE INC

(TREE)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

LendingTree : Reveals the Most Valuable Cities in America

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/28/2018 | 10:17am EDT

CHARLOTTE, N.C., Aug. 28, 2018 /PRNewswire/ -- LendingTree®, the nation's leading online loan marketplace, today released its study on the most valuable cities in America.

LendingTree researchers analyzed the total value of residential real estate in American cities. The real estate values are from the My LendingTree property value database, which is a collection of real estate data of more than 155 million U.S. properties. The total value of real estate in metropolitan areas in the database was $26.2 trillion, close to the Federal Reserve's estimate of total residential real estate value of $28.4 trillion.

The study also compared the total value to the GDP of countries around the world, pairing cities with their equivalent country GDP values. Of course, the comparison is not apples to apples: GDP represents a single year's output, while the value of homes persists year after year (mostly upward and a few times declining).

'American households own $28.4 trillion of residential real estate, a significant part of the $100 trillion in household net worth,' said Tendayi Kapfidze, Chief Economist at LendingTree. 'Financial assets add $81.7 trillion, consumer durable goods add $5.7 trillion, while debts, including mortgage, subtract $15.6 trillion. The real estate wealth is not evenly distributed across the country and is largely concentrated in metropolitan areas.'

Key findings:

  • New York has the most valuable real estate in the U.S. at $2.6 trillion- just about on par with the entire GDP of France for 2017. In fact, this is greater than the GDP of all but just six countries - India, United Kingdom, Germany, Japan, China and the United States itself.
  • Los Angeles is second at $2.2 trillion, equivalent to the GDP of Brazil, and San Francisco is third at $1.2 trillion, equivalent to Mexico's GDP.
  • The top three are the only cities above a trillion dollars, and things drop off pretty rapidly from there. Cities after eleventh-ranked San Diego are all valued under $500 billion; after 25th-ranked Charlotte, under $200 billion and after 46th-ranked Hartford, under $100 billion.
  • The Federal Reserve values total residential real estate owned by households at $28.4 trillion. We found that the top 10 cities account for almost 40 percent of that value. The top 50 add up to about 70 percent of the total.
  • Our top 50 is rounded out by Boulder, Colo., Milwaukee, and Naples, Fla., with real estate values equivalent to the GDPs of Sri Lanka, Kenya and Ethiopia, respectively.
  • Although our list here shows the top 50 cities, we calculated the value of every metro area in the U.S. The least valuable metro was Beckley, W. Va., with real estate valued at $189 million. This is slightly more than the price on one of the most expensive houses available for sale today: 924 Bel Air Rd in Los Angeles is listed at $188 million.

To view the full report, visit: https://www.lendingtree.com/home/most-valuable-cities/.

Top 50 Cities Ranked by Total Value

Rank

City

Total Value (in
billions)

Median
Value

Closest Country
Equivalent

1

New York

$2,549

$454,000

France

2

Los Angeles

$2,176

$622,000

Brazil

3

San Francisco

$1,249

$891,000

Mexico

4

Chicago

$813

$223,000

Saudi Arabia

5

Washington

$795

$395,000

Saudi Arabia

6

Boston

$697

$459,000

Saudi Arabia

7

Miami

$648

$267,000

Argentina

8

Seattle

$641

$461,000

Argentina

9

Dallas

$549

$213,000

Sweden

10

San Jose, Calif.

$535

$1,069,000

Poland

11

San Diego

$522

$563,000

Belgium

12

Philadelphia

$494

$220,000

Thailand

13

Houston

$450

$192,000

Iran

14

Phoenix

$444

$242,000

Iran

15

Atlanta

$420

$191,000

Austria

16

Riverside, Calif.

$413

$332,000

Norway

17

Denver

$374

$391,000

Israel

18

Minneapolis

$331

$260,000

Denmark

19

Portland, Ore.

$304

$378,000

Chile

20

Sacramento, Calif.

$301

$386,000

Chile

21

Baltimore

$289

$270,000

Chile

22

Detroit

$262

$149,000

Bangladesh

23

Tampa, Fla.

$248

$190,000

Egypt

24

Austin, Texas

$222

$282,000

Vietnam

25

Charlotte, N.C.

$216

$187,000

Peru

26

Honolulu

$198

$677,000

Iraq

27

St. Louis

$193

$154,000

Algeria

28

Las Vegas

$181

$239,000

Algeria

29

Orlando, Fla.

$176

$216,000

Qatar

30

Bridgeport, Conn.

$163

$390,000

Kazakhstan

31

Nashville, Tenn.

$162

$235,000

Kazakhstan

32

San Antonio

$159

$191,000

Hungary

33

Pittsburgh

$150

$149,000

Angola

34

Providence, R.I.

$147

$266,000

Angola

35

Cincinnati

$146

$158,000

Angola

36

Kansas City, Mo.

$144

$169,000

Angola

37

Cape Coral, Fla.

$144

$204,000

Angola

38

Virginia Beach, Va.

$141

$221,000

Angola

39

Columbus, Ohio

$141

$174,000

Angola

40

North Port, Fla.

$125

$229,000

Angola

41

Richmond, Va.

$120

$218,000

Morocco

42

Oxnard, Calif.

$119

$557,000

Morocco

43

Jacksonville, Fla.

$115

$179,000

Morocco

44

Cleveland

$112

$131,000

Morocco

45

Indianapolis

$107

$127,000

Ecuador

46

Hartford, Conn.

$103

$223,000

Ecuador

47

New Orleans

$93

$181,000

Sri Lanka

48

Boulder, Colo.

$88

$459,000

Sri Lanka

49

Milwaukee

$86

$206,000

Kenya

50

Naples, Fla.

$83

$333,000

Ethiopia

About LendingTree
LendingTree (NASDAQ: TREE) is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student refinances, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. My LendingTree proactively compares consumers' credit accounts against offers on our network, and notifies consumers when there is an opportunity to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree.

MEDIA CONTACT:Megan Greuling
704-943-8208
Megan.greuling@lendingtree.com

View original content with multimedia:http://www.prnewswire.com/news-releases/lendingtree-reveals-the-most-valuable-cities-in-america-300703341.html

SOURCE LendingTree

Disclaimer

LendingTree Inc. published this content on 28 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 August 2018 14:16:14 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LENDINGTREE INC
07/16LENDINGTREE : Speeding is the leading cause of fatal car crashes in the U.S., Va..
PR
07/16LENDINGTREE, INC. : to Report Second Quarter 2019 Earnings on July 25, 2019
PR
07/09LENDINGTREE : About 1 in 2 Homeowners Don't Know What Their Insurance Policy Cov..
PR
07/08LENDINGTREE : Study Finds Seattle, Louisville and Indianapolis Rank Highest for ..
PR
06/28LENDINGTREE, INC. : Entry into a Material Definitive Agreement, Creation of a Di..
AQ
06/26LENDINGTREE : More Than 8 in 10 American Cardholders Support Credit Card Interes..
PU
06/26LENDINGTREE : Utah, Vermont, and Minnesota Have Highest Rate of Skin Cancer, Acc..
PR
06/13LENDINGTREE, INC. : Change in Directors or Principal Officers, Submission of Mat..
AQ
06/12LENDINGTREE : Study Reveals Dads Are the No. 1 Source of Financial Advice
PR
06/11LENDINGTREE : Residents in Bridgeport, Virginia Beach, Washington, D.C. and New ..
PR
More news
Financials (USD)
Sales 2019 1 082 M
EBIT 2019 81,3 M
Net income 2019 62,9 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 93,3x
P/E ratio 2020 53,8x
Capi. / Sales2019 4,88x
Capi. / Sales2020 4,11x
Capitalization 5 281 M
Chart LENDINGTREE INC
Duration : Period :
Lendingtree Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LENDINGTREE INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 386,45  $
Last Close Price 410,03  $
Spread / Highest target 19,5%
Spread / Average Target -5,75%
Spread / Lowest Target -58,5%
EPS Revisions
Managers
NameTitle
Douglas Robert Lebda Chairman & Chief Executive Officer
Neil Salvage President
J. D. Moriarty Chief Financial Officer
Paul Tyma Chief Technology Officer
Peter C. Horan Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LENDINGTREE INC86.74%5 281
BAJAJ FINANCE31.09%29 134
DISCOVER FINANCIAL SERVICES38.40%26 426
SYNCHRONY FINANCIAL53.84%24 877
ACOM CO., LTD.8.55%5 392
ONEMAIN HOLDINGS INC42.36%4 706