Fun Fact Friday 7✖️ 2/23/2024

Hey Friends,
Just 3 fun facts to share with you today and my weekly quote to ponder. The first is our annual brokerage report which you will see is very positive.  I hope you have a great weekend!

Blessings,
Andrew

Fun Fact 1:
In 2023, The Platinum Group, Realtors had 6x more average homes sold and 7x more average sales volume than any other brokerage in town. (We have 66 agents compared to 5,866 in our market.)

Source: The Platinum Group, Realtors; Pikes Peak Realtor Services Corp

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Fun Fact 2:
For the U.S., at the 5% down payment threshold, the income required to qualify for a mortgage for the fourth quarter of 2023 was $123,304. At the 10% down payment mark, qualifying income was $116,815; with a 20% down payment, qualifying income was $103,835. The West led all regions with the highest qualifying income, while the Midwest had the lowest income for 5%, 10%, and 20% down payments on a single-family home.

Source: NAR.com (Michael Hyman)

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Fun Fact 3:
The five most expensive metro areas for the fourth quarter of 2023 were San Jose-Sunnyvale-Santa Clara, CA ($1,750,000); Anaheim-Santa Ana-Irvine, CA ($1,300,000); San Francisco-Oakland-Hayward, CA ($1,251,000); Urban Honolulu, HI ($1,069,000); and Salinas, CA ($994,000).

Source: NAR.com (Michael Hyman)

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Quote I’m pondering:

“It is easier to build strong children than to repair broken men.” -Frederick Douglass

 

 

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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.