|
Did You Know?
Since 1980, rents have risen 1.27% faster than inflation in the U.S.
Did You Know?
US Housing starts are on track to fall 16% this year mostly due to higher borrowing costs.....thanks FED! Higher rates have done more damage to the housing sector than any other.....and were supposed to cool inflation....even though housing has been one of the biggest contributors to higher inflation.
Did You Know?
30-year fixed-rate mortgages are at 6.35% as of Aug. 29 compared with 6.95% as of July 4. (Bloomberg)
Did You Know?
More than 11,000 people in the U.S. are turning 65 every day and the vast majority—77% of Americans age 50 and older—want to live as long as possible in their current home. 24-hour professional care at home can cost $250,000 and more per year. (WSJ)
Did You Know?
The American Booksellers Association founded in 1900 and representing more than 2,500 independent bookstores, saw its membership grow by 11% in 2023 as 291 bookstores opened, including 230 brick-and-mortar stores, 34 pop-ups, 18 online and nine mobile stores. An independent bookstore can fuel the fabric of a town.
Did You Know?
Three vacation rules of highly successful people - maybe something to practice during your well earned vacation
- They delegate to others that which may tempt them to be distracted from their vacation.
- They recognize the benefits of being cut off from work and social media.
- They maintain their healthy routines. (CNBC)
Did You Know?
Shockingly, one of the people who successfully sued the NAR .... has co-founded a new real estate startup. Josh Sitzer and his wife listed their home for sale in Kansas City but were frustrated they had to pay a 3% commission to a buyer’s agent. I mean, why could that agent not do the work for free???? Outrageous! He claims he was effectively coerced into paying 3% to a buyer’s agent in order to achieve a successful sale. He felt bullied into paying for undesired services due to unfair industry practices. He shared his frustration with his neighbor, who happened to be a lawyer familiar with the subject matter....and the rest is history. Flash forward: Sitzer has teamed up with partners to found a startup called Landian, which aims to help homebuyers benefit from the rule change that resulted from the lawsuit by offering flat-fee real estate agents on demand. The name Landian blends the words “Land” and “Guardian.” (TECH CRUNCH)
Did You Know?
Lower-income American households are running out of money at the end of every month, according to discount retailer Dollar General, with more than 20,000 locations across 48 states, painted a bleak financial picture for many of its customers after years of inflation and the depletion of savings built up during the pandemic. Shoplifting was also on the rise.
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
“I expect we’ll see declining short-term and then long-term rates, and the 30-year mortgage very likely coming down around 6% or below by the end of the year. That’s an environment in which I think it’s very likely you will get some pro-construction legislation.”
–– Dean Baker
Senior economist at the Center for Economic and Policy Research
––––––––
"Failure is more the result of randomness than human error."
–– Marc Andreessen
Co-founder of the venture capital firm Andreessen Horowitz (FT)
|
