Hey Friends,
I have 5 fun facts to share with you today. A couple are broad and then a few are local market stats here in Colorado Springs. My weekly quote is also at the bottom to ponder. Have a great weekend!
Blessings,
Andrew
Fun Fact 1:
Americans now believe it will take $1.46 million to retire comfortably, up from $1.27 million a year ago and $950k four years ago.
Source: Northwestern Mutual Private Client Group
Fun Fact 2:
The top 1% of income earners in America made 26% of the country’s total income in 2021 and paid 46% of total income taxes (their avg tax rate: 26%). The bottom 50% of income earners made 10% of total income and paid 2% of total income taxes (their avg tax rate: 3%).
Source: The Tax Foundation
Fun Fact 3:
For March, the Supply of Active listings were up 2.6% when compared to last month and increased by 9.6% when compared to last year at this time. Last month saw 1,627 active listings.
Source: Land Title Guarantee Company, PPAR Stats
Fun Fact 4:
March listings saw 43 days on market, on average. This was a decrease of 17.3% when compared to last month, which saw 52 days on average.
Source: Land Title Guarantee Company, PPAR Stats
Fun Fact 5:
In March, the Percent of Closed Price to Original List Price data point was up 1.0% when compared to this time last year, and up 1.0% when viewed month-over-month.
Source: Land Title Guarantee Company, PPAR Stats
Quote I’m pondering:
“In the real estate business, you learn more about people, and you learn more about community issues, you learn more about life, you learn more about the impact of government, probably than any other profession that I know of.” -Johnny Isakson, Former U.S. senator
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.
