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Fun Fact Friday 💵 9/8/2023

Fun Fact Friday 💵 9/8/2023

Friends,
I’ve got 3 fun facts and 1 quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.)

Blessings,
Andrew

Fun Fact 1:
The demand for housing is in freefall and so too is supply. Active listings of homes for sale in the US fell 19.5% over the last year to the lowest level on record (Redfin data going back to 2012).

Source:  REDFIN

Fun Fact 2:
With supply falling more than demand, prices have rebounded from the declines we saw in the back half of 2022 and are actually up 1.9% YoY.

Source: Charlie Bilello
Commentary: Looking back on historical trends is helpful. Look at the “eb and flow” between ’12-19′.

Fun Fact 3:
How much a person needs to save per month to reach millionaire status by age 65 assuming a 7% compounded rate of return:

Source:  X Corp. (Formerly known as Twitter)
Commentary: Start saving and investing as early as possible. Forward this to anyone you know who needs to read this! (Reach out to me if you need an exceptional financial planner.)

Quote I’m pondering:
“The only man who never makes a mistake is the man who never does anything.”
-Theodore Roosevelt

Thanks again for reading. Subscribe HERE to get this delivered to your inbox so you never miss a read.


Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.

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Andrew Bacon

I love helping people succeed. Being both professional and extremely personal, I love investing in my family, friends, neighbors, clients and community. Providing both peace and value to my clients is the driver of my real estate career.

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