Hey Friends!
Here’s another round of 4 fun facts for you today. I hope you have a great weekend!
Blessings,
Andrew
Fun Fact 1:
According to the National Association of Home Builders, the national average of buyers that are currently priced out of buying new homes is 65%. In Colorado, it is 75%. “Priced out” means principal, interest, taxes, and insurance payments exceed 28% of income.
Source: Visual Capitalist; National Association of Home Builders
Fun Fact 2:
Dallas shows how a housing market functioning in a state with minimal zoning, planning, and regulatory restrictions that prevent the building of new homes. Housing demand pushed up prices, builders responded by expanding supply, and rental prices came back down to equilibrium.
Source: John Burns Research & Consulting
Fun Fact 3:
30% of car buyers trading in vehicles in the US now have negative equity, owing an average of $7,200 on their old loans. A record 43% of these underwater car buyers are opting for 84-month (7-year) loans. Their average monthly payment: $932, the highest level ever recorded.
Source: Edmunda via Charlie Bilello
Fun Fact 4:
Americans start a path of spending more and more hours alone in their late 30’s and it doesn’t stop.
Source: Our World in Data; U.S. Bureau of Labor Statistics
Quote I’m pondering:
“Life is 10% what happens to you and 90% how you react to it.” -Chuck Swindoll
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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.
