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.
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.
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.
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.
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
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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.
