Hey Friends,
I have 4 fun facts to share with you today! Facts 3 & 3.1 is an interesting comparison between housing affordability in 2022 & 2024. Hat tip to Tim for starting me down that rabbit trail. Have a great weekend!
Blessings,
Andrew
Fun Fact 1:
The percentage of homes in negative equity for 10 select U.S. metro areas remains very small. This chart shows Q2 2024. Interestingly, Denver & Houston are tied.
Source: Core Logic
Fun Fact 2:
This past August here in Colorado Springs, we had 1,605 new listings, 1,573 go under contract and for the year so far 7,802 sales have been completed so far this year.
Source: The Platinum Group, Realtors
Fun Fact 3:
In 2022, the average salary needed to buy a home in Denver was $121,900. In Houston, it was $74,700.
Source: Visual Capitalist
Fun Fact 3.1:
Now in 2024, the average salary needed to buy a home in Denver is $160,900. In Houston, it is $98,100.
Source: HSH & Visual Capitalist
Fun Fact 4:
According to Research & Markets, the US Artificial Intelligence Market is projected to increase to nearly 100 billion by just 2028.
Source: Research And Markets
Quote I’m pondering:
“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” -Winston Churchill
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