Hey Friends,
I hope all you dads out there had a great Father’s Day this past weekend! I have 3 fun facts to share with you today and my weekly quote to ponder awaits you below. Have a great weekend!
Blessings,
Andrew
Fun Fact 1:
The median sales price in Colorado Springs almost touched a record $500k in May while the average dipped just under $560k.
Source: RSC, The Platinum Group, Realtors
Fun Fact 2:
Combining state tax, property tax, and sales & excise taxes, this chart shows the relative tax burdens across the country.
Source: Visual Capitalist, WalletHub
Fun Fact 3:
Shelter, the single biggest component of CPI (Consumer Price Index, which is over one-third of the index), has now moved down on a YoY basis for 14 straight months (from a peak of 8.2% in March 2023 to 5.4% today). Given its long lag versus real-time data (Asking Rents down 0.8% YoY), a continued move lower in Shelter CPI is expected which should lead to a continued decline in core CPI.
Source: Charlie Bilello
Quote I’m pondering:
“Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.” — Thomas Sowell
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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.
