Hey Friends,
Happy Valentine’s Day! Also, congrats to all you Eagles fans out there! I’m still surprised by that blowout. Anyhow, I’ve got 4 fun facts for you today. I hope you have a great weekend!
Blessings,
Andrew
Fun Fact 1:
The average house for sale in the US took 54 days before an offer was accepted, the longest span since March 2020.
Source: Redfin
Fun Fact 2:
Why are homes taking longer to sell? Most potential homebuyers simply can’t afford them. The latest Case-Shiller National Data showed a more moderate 3.8% increase in average home prices over the past year, but the Affordability Index remains near record lows.
Source: Charlie Bilello
Fun Fact 3:
The Department of Government Efficiency (DOGE) has been working overtime, saying they’ve already found savings of roughly $1 billion/day with a goal of reducing spending by $3 billion/day. If this trend continues, the deficit will move sharply lower, which is sorely needed to avert a crisis. The Interest Expense on US National Debt rose to a record $1.12 trillion last year, an increase of 117% over the prior 4 years. The US Government now spends more money on interest than it does on National Defense.
Source: Charlie Bilello
Fun Fact 4:
In 1913, only 2% of households paid income tax. The income tax began as a “temporary” tax to fund the war. Then it was brought back and was promised to be a tax “only for the top 1%”.
Source: Visualizing Economics.com
“God is good. He’s greater than all the highs and the lows.” — Jalen Hurts
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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.
