Hey Friends,
I have 5 fun facts to share with you today. I’ll start with a few local market stats here in Colorado Springs followed by a few more interesting ones. Have a great weekend!
Blessings,
Andrew
Fun Fact 1:
Active listings (supply) were down 0.3% when compared to last month but jumped 28% when compared to last year at this time. Last year saw 2,272 active listings.
Source: Land Title
Fun Fact 2:
September listings saw 40 days on market, on average. This was an increase of 17.6% when compared to last month and an increase of 25% when compared to last year at this time. Last year, listings saw 32 days on market, on average.
Source: Land Title
Fun Fact 3:
September saw the percent-of-the-closed-price-to-list-price at 98.0%.This data point was down 0.4% when compared to what we saw last month and down 0.3% compared to last year.
Source: Land Title
Fun Fact 4:
According to Realtor, these are the top 10 least expensive states to live in.
Source: Realtor(.)com
Fun Fact 5:
This chart by The Economic Innovation Group shows that Americans are becoming addicted to government aid as many say America is morphing into a a nanny state. The yellow areas are counties where government transfers exceed 25 percent of total personal income.
Today, most U.S. counties depend on a level of government transfer income that was once reserved only for the most distressed places. In 1970, not even 1 percent of counties derived a quarter or more of their total personal income from transfers. In 2000, just 10.4 percent did. But by 2022, 53 percent of counties were receiving a quarter or more of their income from Transfers.
(The study is a little misleading because it includes Social Security (which is a benefit) and we have an aging population.) Still, it is alarming how much money is being redistributed each year, and addressing this dependency culture should be a top priority of the next administration and Congress.
Source: EIG; https://eig.org/great-transfermation/
Quote I’m pondering:
“The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.” -Albert Camus
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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.
