Fun Fact Friday 📉 12/8/2023

Hey Friends,
I’ve got 3 fun facts and my weekly quote to share with you today.

Blessings,
Andrew

Fun Fact 1:
US housing affordability is worse today than the peak of the last housing bubble. The median American household would need to spend 44.7% of their income to afford the median priced home, a record high.

Source: Charlie Bilello

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Fun Fact 2:
US Rents fell in November for the 4th consecutive month. While homes have become increasingly more unaffordable to buy, the market for renters continues to slowly improve.

Source: Charlie Bilello

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Fun Fact 3:
Pending home sales have hit their lowest point in history, (outside the first months of the COVID crisis when the economy nearly ground to a halt).

Source: National Association of Realtors, FactSet; Chart: Axios Visuals

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Quote I’m pondering:

“Opportunities come when you’re laser focused on achieving your goals, not when you’re looking for them.” -Julie Busha (Shark Tank entrepreneur who left without a deal.)

 

 

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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.