Hey Friends!
I have another round of 5 fun facts for you today. Have a great weekend!
Blessings,
Andrew
Fun Fact 1: The number of 65+ households owning multiple homes has 5x’d since 1970. The resulting effect is that for ~1/5 boomer households that pass away, 2-3 properties may hit the market at once. Never before in US history has so much of the middle class of a generation owned multiple homes like this.
Source: U.S. Census Bureau; National Association of Realtors
Fun Fact 2: Memorial day weekend gas prices were at a 4-year high ($4.56/gallon), up over 50% since the start of the war. Interesting that this happened in 2022 with no war. Hoping we will see relief by the time this email sends.
Source: Triple A
Fun Fact 3: With a new fed chair now in place, Bilello sees a different outlook for the Fed Funds Rate this year. We will see!
Source: Charlie Bilello
Fun Fact 4: The Platinum Group, Realtors sits as the #3 through April 30th this year, just slightly behind EXP & The Cutting Edge in terms of total sales volume.
Source: The Platinum Group, Realtors; elevateMLS
Fun Fact 5: However, we STILL remain the top brokerage (by far) in terms of volume per agent.
Source: The Platinum Group, Realtors; elevateMLS
Quote I’m pondering:
“Only while sleeping one makes no mistakes. Making mistakes is the privilege of the active — of those who can correct their mistakes and put them right.” -Ingvar Kamprad, founder of IKEA
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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.