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Fun Fact Friday 📉 10/13/2023

Fun Fact Friday 📉 10/13/2023

I’ve got 4 fun facts and 1 quote to share with you today. Thanks for reading, and reach out anytime with questions!


Fun Fact 1:
With home prices and mortgage rates both rising, the U.S. is now witnessing the biggest numerical gap in the monthly cost between owning a home and renting in over 50 years.

Source: Visual Capitalist

Fun Fact 2:
With high mortgage rates, rising home prices, and a constrained housing inventory, U.S. housing affordability is at its lowest point since 1989.

Source: Visual Capitalist

Fun Fact 3:
Here’s a chart showing how U.S. 30-year mortgage rates have evolved through the years.


Fun Fact 4:
The current high mortgage rates are affecting home sales in the U.S., specifically with existing home sales taking a dip while new home sales subtly rise.

Source: Visual Capitalist

Quote I’m pondering:

“Don’t follow your passions. Follow your efforts.” – Mark Cuban



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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.


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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