economics

Fun Fact Friday with Andrew Bacon

Fun Fact Friday โœˆ๏ธ 2/2/2024

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...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday โ›ฝ๏ธ 1/26/2024

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...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday ๐Ÿค– 1/19/2024

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...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday ๐Ÿฟ 1/12/2024

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...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday ๐ŸŽ† 1/5/2024

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...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday ๐Ÿ’ 12/29/2023

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...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday ๐ŸŽ„ 12/22/2023

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. Santaโ€™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.ย In the first year alone 2.4 million copies...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday ๐Ÿ“‰ 12/8/2023

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...

Fun Fact Friday with Andrew Bacon

Fun Fact Friday ๐Ÿฆƒ 11/24/2023

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. ย 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:...

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