Fun Fact Friday 🍳 9/22/2023

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:
The average price of a dozen eggs in the US has moved down to $2.04, a 58% decline from the peak back in January ($4.82).

Source: Charlie Bilello

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Fun Fact 2:
The current annual rent growth is at -1.2%, meaning apartments are now 1.2% cheaper than they were a year ago.  Meanwhile the vacancy index has increased for 22 straight months and is now at 6.4%.

Source: Apartment List, CRE Daily

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Fun Fact 3:
In the first half of 2023, Mexico overtook China as the main trading partner of the United States.

Source: BofA Global Research

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Fun Fact 4:
A net 51% of US Banks are now tightening their lending standards, the highest since 2020 and at levels that have coincided with recessionary periods in the past.

Source: Charlie Bilello

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Quote I’m pondering:
“Now is no time to think of what you do not have. Think of what you can do with what there is.”
-The Old Man and the Sea, by Ernest Hemingway

 

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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.