Hey Friends,
Here are 4 fun facts for you today, focused mainly in the most unaffordable housing market in American history. I hope you have a great weekend!
Andrew
Fun Fact 1:
The median household income necessary to purchase the median priced home for sale in the US ($124k) is now 57% higher than the current median household income ($79k). This is the most unaffordable housing market in history.
Source: Charlie Bilello
Fun Fact 2:
Sellers now outnumber buyers by over 500k (35%).
Source: Charlie Bilello
Fun Fact 3:
Active listings of homes for sale are up +7.5% year over year. (This should cause prices to keep falling.)
Source: Redfin
Fun Fact 4:
Switching gears: There is a big difference between what Americans actually die vs and what the media reports is the cause.
Source: Our World in Data
Quote I’m pondering:
“Do not wish to be anything but what you are.” – St. Francis de Sales
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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.