Fun Fact Friday 🏘️ 3/29/2024

Hey Friends,
Just 3 fun facts to share with you today and as usual, my weekly quote to ponder.  Have a great weekend!

Blessings,
Andrew

Fun Fact 1:
The national average for a down payment is $31,500.  Colorado sits at $75,300. Florida, Washington D.C. and Hawaii are all tied for the highest at $98,700.

Source: Bankrate.com, Visual Capitalist via Shakiba Capital

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Fun Fact 2:
Greenway Mortgage calculated how long (in years) it would take for an average resident to save enough money to buy a home with 10% down in each state.  They took the percentage of income spent renting in each state, and the amount needed for a 10% down payment in order to make their determinations.

Source: Greenway Mortgage, Zillow, US Census Bureau Stats, Keeping Current Matters

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Fun Fact 3:
In 2022, the median age for the United States as a whole was 39 years, but the median age by state has a lot more variance. Main is the oldest and Utah is the youngest.

Source: U.S. Censu Bureau, Visual Capitalist

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Quote I’m pondering:

“In this short Life
That only lasts an hour
How much – how little – is
Within our power”
-Emily Dickinson

 

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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.