Hey Friends,
I have 4 fun facts for you today and a quote at the bottom. I hope you have a great weekend!
Blessings,
Andrew
Fun Fact 1:
Last year marked the 4th year in a row of rising interest rates. The only other time this has happened in 30 years was from 1978-1981.
Source: Charlie Bilello; Freddie Mac
Fun Fact 2:
According to REDFIN’s data, 26% of homebuyers searched to move to a different metro area between Oct ’24 – Dec ’24 nationwide. The top 5 states homebuyers searched to move TO were Florida, North Carolina, Tennessee, Arizona, and South Carolina while California, New York, Illinois, Washington, and Maryland were the top 5 states homebuyers searched to move FROM.
Of all the major U.S. metros, Sacramento was the most searched for destination among homebuyers looking to relocate between Oct ’24 – Dec ’24. Next came Cape Coral, Myrtle Beach, Salisbury, and Portland.
Los Angeles was the most searched for destination among homebuyers looking to leave, followed by New York, San Francisco, Seattle and Washington. Denver was #9.
Source: REDFIN
Fun Fact 3:
There is a buying spree in the DC luxury market, more than compared to previous years.
Source: Bright MLS
Fun Fact 4:
CoreLogic says these are the top 10 fastest growing metros:
Lakeland, FL
Austin, TX
Raleigh, NC
Dallas, TX
Port St. Lucie, FL
San Antonio, TX
Wilmington, NC
Cape Coral, FL
Boise City, ID
Las Vegas, NV
“To measure whether a metro area is on the verge of growth, CoreLogic combines several different indicators. These indicators score the share of new construction properties in a metro area that were sold within the last two years, the share of new construction built within the last three years, parcels that had a change in their land use designation within the last two years, parcels owned by a builder or developer, and parcels with new construction permit issued within the last two years.”
Source: CoreLogic Growth Indicators, 2024
Quote I’m pondering:
“There are always plenty of rivals to our work. We are always falling in love or quarreling, looking for jobs or fearing to lose them, getting ill and recovering, following public affairs. If we let ourselves, we shall always be waiting for some distraction or other to end before we can really get down to our work. The only people who achieve much are those who want knowledge so badly that they seek it while the conditions are still unfavorable. Favorable conditions never come. There are, of course, moments when the pressure of the excitement is so great that only superhuman self-control could resist it. They come both in war and peace. We must do the best we can.” — C.S. Lewis (The Weight of Glory)
Thanks again for reading. Subscribe HERE to get this delivered to your inbox so you never miss a read.
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.
