Hey Friends!
I have 4 fun facts for you today. I hope you have a great weekend and enjoy the switch back to daylight savings!
Blessings,
Andrew
Fun Fact 1:
Land is sometimes worth more than the home—just look at this map. Land comprises 32.2% of the value of the average U.S. single-family property in a metro area.
Source: ResiClub
Fun Fact 2:
In 2008, banks originated around 60% of mortgages and held the servicing rights on about 95% of mortgage balances. In 2023, banks originated around 35% of mortgages and held the servicing rights on about 45% of mortgage balances.
Source: Lance Lambert; U.S. Department of the Treasury 2024
Fun Fact 3:
~18% of all property transfers in California last year were made through inheritance. According to Grok, this is roughly double the average of all other states.
Source: Cotality
Fun Fact 4:
Debt held by the public as a percentage of GDP continues to rise dangerously fast.
Source: Peter Mallouk; Congressional Budget Office
Quote I’m pondering:
“There are two ways to enslave a country. One is by the sword. The other is by debt.” – John Adams
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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.