Fun Fact Friday 🚗 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.

Source: REDFIN

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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).

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

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

Source: Charlie Bilello

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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.

Source: Charlie Bilello

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Quote I’m pondering:

“What lies behind us and what lies before us are tiny matters compared to what lies within us.” – Ralph Waldo Emerson

 

 

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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.