Hey Friends!
I know many of you have kids that have started back to school and I hope the transition back to routine is going well. As for us, since we homeschool, we have a few more weeks of summer we are hanging on to. Meanwhile, I have 3 fun facts for you today.
Blessings!
Andrew
Fun Fact 1: Arizona, Texas, Oregon, and Colorado now lead the nation on the share of active listings cutting prices below the original ask to stimulate demand.
Arizona: 47.7%
Texas: 47.3%
Oregon: 47.0%
Colorado: 47.0%
US average: 40.4%
Source: Parcel
Fun Fact 2: Here in El Paso County, while sale numbers have stayed relatively the same, the amount of active listings have more than doubled in 4 years.
Source: Pikes Peak Association of Realtors; Elevate MLS
Fun Fact 3: The US Strategic Petroleum Reserve is now at its lowest level since March 1983. Over the past 5 years we’ve seen a drawdown of 310 million barrels, a 50% decline.
Source: Charlie Bilello
Quote I’m pondering:
“Everyone wants to heal until the medicine shows up in the form of discipline.” – Hippocrates
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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.