Friends,
I’ve got 4 fun facts and 1 quote to share with you today. Thanks for reading, and reach out anytime with questions!
Blessings,
Andrew
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.
Source: Bankrate.com
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.
