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Fun Fact Friday πŸ’³ 9/15/2023

Fun Fact Friday πŸ’³ 9/15/2023

Friends,
I’ve got 4 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:
Total credit card debt tops $1 trillion for the first time ever.

Source: Federal Reserve Bank of New York, Reuters


Fun Fact 2:
The spike in mortgage rates combined with falling home prices/rents has led to a collapse in investor demand for homes in the US. Investor purchases fell 45% over the last year, outpacing the 31% decline in overall home sales.

Source: Charlie Bilello


Fun Fact 3:
US Rents are 1.2% lower than a year ago, the biggest YoY decline since December 2020.

Source: Β X Corp. (Formerly known as Twitter)


Fun Fact 4:
The percentage of teenagers who are working in America is incredibly low. Β In the 1950s, almost half of teenagers were working. Β That work rate slid slightly in the 40 percent to 45 percent range when baby boomers and Gen Xers were teens in the 1970s, and 1980s.

Commentary:Β What happened?


Quote I’m pondering:
β€œI have often wondered how it is that every man loves himself more than all the rest of men, but yet sets less value on his own opinion of himself than on the opinion of others.” – Marcus Aurelius, Meditations

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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