Hey Friends,
Welcome to December! Now you can officially decorate for the holidays without anyone getting angry. 😉 I’ve got 5 fun facts and my weekly quote to share with you today. Have a great weekend!
Blessings,
Andrew
Fun Fact 1:
34% of US households today have 2 or more spare bedrooms, up from 13% in 1970.
Source: U.S. Census Buresu, accessed via IPUMS; Apartment List calculations
Fun Fact 2:
More seniors are aging in place, preferring to stay in their homes rather than downsize. Seniors make up 17% of the housing stock with 2 or more spare bedrooms, up from 5% in 1970.
Source: U.S. Census Buresu, accessed via IPUMS; Apartment List calculation
Fun Fact 3:
While the size of households has declined over the last 50 years, homes have gotten much bigger. 63% of homes today now have 3 or more bedrooms, up from 49% of homes in 1970.
Source: U.S. Census Buresu, accessed via IPUMS; Apartment List calculation
Fun Fact 4:
Fewer US existing homes are selling today than at any point since 2010. The 3.79 million annual rate is even below the lowest level of sales during the 2020 covid shutdowns (4.01 million).
Source: Charlie Bilello
Fun Fact 5:
The supply of existing homes for sale in the US is slowly rising, moving up to 3.6 months. This is the highest we’ve seen since June 2020.
Source: Charlie Bilello
Quote I’m pondering:
“Thrift is of great revenue.” – Marcus Tullius Cicero
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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.
