economics

Hey Friends, I've got 4 fun facts and my weekly quote to share with you today. Blessings, Andrew Fun Fact 1: The median price of a new home sold in the US is now 17% lower than its peak in October 2022 (from $496,800 to $413,200). After the last housing bubble peak the median new home price fell 22% nationally before bottoming. Source: Charlie Bilello Fun Fact 2: Here is the Best...

Hey Friends, I've got 4 fun facts and my weekly quote to share with you today. Blessings, Andrew Fun Fact 1: US gasoline prices have moved down $3.07/gallon (national average), their lowest levels since June 2021. Source: AAA (GasPrices.AAA.com) Fun Fact 2: Fewer US existing homes are selling today than at any point since 2010. The 3.78 million annual rate from December was even...

Hey Friends, I've got 3 fun facts and my weekly quote to share with you today. Blessings, Andrew Fun Fact 1: Here's our Market Snapshot from this past December. (Click/tap the photo to see larger size.) Source: The Platinum Group, Realtors; PPAR MLS Data Fun Fact 2: More than 9 in 10 mortgage holders have a rate below 6%. Source: FHFA, National Mortgage Database...

Hey Friends, I've got 6 fun facts and my weekly quote to share with you today. Blessings, Andrew Fun Fact 1: The consumer price index is cumulatively up 19% since the start of 2020. (Under normal conditions where the Fed meets their inflation target of 2% per year, it would instead be up by approximately 8% since then.) According to Lyn, "this permanently higher plateau in prices is why, although...

Hey Friends, Happy New Year! I wanted to take a minute to look back on this past year with 5 fun facts and a longer quote than usual. Blessings, Andrew Fun Fact 1: Credit card interest rates hit a record high of 21.19% last year. Source: Charlie Bilello Fun Fact 2: Home prices did not come down with the recent mortgage rates rise. Source: Charlie Bilello Fun Fact...

As we wrap up 2023, I've got 7 fun facts and my weekly quote to share with you today. I hope you have a Safe and Happy New Year and here's to a prosperous 2024! Blessings, Andrew Fun Fact 1: On this day 17 years ago, Brooke and I got married. Look how young we were! Source: Historical Fact :) Fun Fact 2: Active listings (2,067) were down 5.5% when compared to last month and decreased...

Hey Friends, I've got 5 fun facts and my weekly quote to share with you today. Merry Christmas! Blessings, Andrew Fun Fact 1: Rudolph the Red-Nosed Reindeer developed as a marketing ploy. Santa’s most famous reindeer got his start in 1939, when a writer for the Montgomery Ward department store used Rudolph to boost profits during the holiday season. In the first year alone 2.4 million copies...

Hey Friends, I've got 4 fun facts and my weekly quote to share with you today. Blessings, Andrew Fun Fact 1: National interest rates have slowly come down in the last 30 days. Source: OBMMI, Optimalblue Fun Fact 2: Redfin predicts that home prices will fall in 2024. Source: Redfin economics team; NAR Fun Fact 3: Redfin predicts that home sales will rise in...

Hey Friends, I've got 3 fun facts and my weekly quote to share with you today. Blessings, Andrew Fun Fact 1: US housing affordability is worse today than the peak of the last housing bubble. The median American household would need to spend 44.7% of their income to afford the median priced home, a record high. Source: Charlie Bilello Fun Fact 2: US Rents fell in November for the 4th...

Hey Friends, I hope you had a wonderful Thanksgiving with family and friends. I've got 3 fun facts and my weekly quote to share with you today.  Have a great weekend and don't forget to protect your hard earned money! Blessings, Andrew Fun Fact 1: Here's a chart that shows the estimated online spending in the United States over Thanksgiving weekend compared to the last 4 years. Source:...