Hey Friends!
Welcome to November! I’ve got 4 fun facts for you today.
Speaking of November, Thanksgiving is right around the corner. If you’re in Colorado Springs that day, our local YMCA Turkey Trot has become a tradition for us—we sponsor the race and love participating. There’s a free Kids’ Tiny Trot and a 5K, and it’s a fun way to start the day. Below is our family pic from last year during the setup.
Sign up HERE. We’d love to see you if you come out!
Blessings!
Andrew
Fun Fact 1: Home prices have risen the most since 2000 in Hawaii and Idaho. Colorado sits at about 76% in 26 years.
Source: FHFA graphs via GRE
Fun Fact 2: The housing market has shifted dramatically in favor of buyers. But there’s still one big problem: lack of affordability. The 30-year mortgage rate has climbed to 7.4%, more than double its 2021 lows.
Source: Charlie Bilello
Fun Fact 3: Meanwhile, home prices remain elevated, keeping millions of prospective buyers on the sidelines. Pending home sales in the US have moved down to their lowest level since April 2020, a month where much of US economy was shut down.
Source: Redfin
Fun Fact 4: The result is a historic imbalance between housing supply and demand with sellers outnumbering buyers by a record 63%.
Source: Charlie Bilello
Quote I’m pondering:
“Spend less time trying to find motivation and more time making good habits the path of least resistance.” -James Clear
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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.