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...
Friends, I've got 5 fun facts and 1 quote to share with you today. Thanks for reading, and reach out anytime with questions! Blessings, Andrew Fun Fact 1: Pending home sales in the US have moved down to their lowest level since April 2020, a month where much of US economy was shut down. The housing market is frozen. This is the combination of skyrocketing mortgage rates and skyrocketing home...
Friends, Just 3 fun facts and 1 quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: The past August in Colorado Springs, the average sale price was $553,959 while the median sale price was $480,000. This is up ⬆️$23,412 and down ⬇️$592 respectively from...
Friends, I've got 4 fun facts and 1 quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: The average price of a dozen eggs in the US has moved down to $2.04, a 58% decline from the peak back in January ($4.82). Source: Charlie Bilello Fun Fact...
Friends, I've got 4 fun facts and 1 quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: Total credit card debt tops $1 trillion for the first time ever. Source: Federal Reserve Bank of New York, Reuters Fun Fact 2: The spike in mortgage rates...
Friends, I've got 3 fun facts and 1 quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: The demand for housing is in freefall and so too is supply. Active listings of homes for sale in the US fell 19.5% over the last year to the lowest level on record (Redfin...
Friends, I've got 3 fun facts and 1 quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: Roughly one-third of ALL homes for sale in the US are new construction. Even pre-2008, the largest housing bubble in history, only saw a peak of 17% of supply being new...
Friends, I've got 4 fun facts (two of them are a report on my brokerage) and a quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: In the U.S. today there are more than 50,000 self storage facilities. A fifth of Americans (21%) use self storage currently,...
Hey Friends, I've got 3 fun facts and a quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: Greater Colorado Springs had 2,254 homes for sale this past July down 351 from July '22 which was 2,605. Source: RSC & PPAR Commentary: Inventory is creeping...
Hey Friends, I've got 3 fun facts and a quote to share with you today. Thanks for reading and as always, reach out anytime with questions! (Want this delivered to your inbox weekly? Subscribe HERE.) Blessings, Andrew Fun Fact 1: We had 100 transactions this past July. 16 of them were cash, 13 of them included an escalation clause, 4 of them had an appraisal gap and 7 of them had $10k or more in...
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