Compare Listings

Fun Fact Friday ⛽️ 1/26/2024

Fun Fact Friday ⛽️ 1/26/2024

Hey Friends,
I’ve got 4 fun facts and my weekly quote to share with you today.

Blessings,
Andrew

Fun Fact 1:
US gasoline prices have moved down $3.07/gallon (national average), their lowest levels since June 2021.

Andrew Bacon Top Colorado Springs Realtor

Source: AAA (GasPrices.AAA.com)


Fun Fact 2:
Fewer US existing homes are selling today than at any point since 2010. The 3.78 million annual rate from December was even below the lowest level of sales during the 2020 covid shutdowns (4.01 million). The 4.09 million existing homes sold during 2023 was the lowest activity we’ve seen since 1995.

Andrew Bacon Top Colorado Springs Realtor

Source: Charlie Bilello


Fun Fact 3:
US housing affordability is worse today than the peak of the last housing bubble. The median American household would need to spend 45.3% of their income to afford the median priced home, a record high.

Andrew Bacon Top Colorado Springs Realtor

Source: Charlie Bilello


Fun Fact 4:
Crazy enough, while demand has plummeted over the last year, supply has fallen even more. The result has been home prices in the U.S. actually increased 4% in 2023.

Andrew Bacon Top Colorado Springs Realtor

Source: REDFIN


Quote I’m pondering:

“Let no one tell you that your ambition is immoral. If you make money, it’s because you offer a better product at a better price, thereby contributing to general well-being.” -Argentina’s President, Javier Milei

 

 

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.

img

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.

Related posts

Fun Fact Friday 🏈 2/16/2024

Hey Friends, I hope you had a wonderful Valentine's Day. I've got 5 fun facts to share with you...

Continue reading
by Andrew Bacon

Fun Fact Friday 📊 2/9/2024

Hey Friends, Just 3 fun facts to share with you today. These have all been researched by yours...

Continue reading
by Andrew Bacon

Fun Fact Friday ✈️ 2/2/2024

Hey Friends, I've got 4 fun facts and my weekly quote to share with you...

Continue reading
by Andrew Bacon

Join The Discussion