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Fun Fact Friday πŸš— 11/3/2023

Fun Fact Friday πŸš— 11/3/2023

Hey 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:
Home purchases are falling through at the highest rate in nearly a year.

Andrew Bacon Top Colorado Springs Realtor

Source: REDFIN


Fun Fact 2:
The cost to buy a home is now 52% higher than the cost to rent, a record premium (it peaked at 33% during the last housing bubble in 2006).

Andrew Bacon Top Colorado Springs Realtor

Source: CBRE Research & Econometric Advisors, Freddie Mac, U.S. Census Bureau, Realtor.com, FHFA


Fun Fact 3:
Mortgage rates are at their highest levels since November 2000.

Andrew Bacon Top Colorado Springs Realtor

Source: Charlie Bilello


Fun Fact 4:
The average price of a used Tesla is now $28k lower than the peak price in July 2022, a 41% decline. Cars are once again a depreciating asset.

Andrew Bacon Top Colorado Springs Realtor

Source: Charlie Bilello


Quote I’m pondering:

β€œWhat lies behind us and what lies before us are tiny matters compared to what lies within us.” – Ralph Waldo Emerson

 

 

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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