Good Morning,
DID YOU KNOW?
Sellers who sold their homes in June - meaning June was the sale date on the deed of the house, so they likely put the home on the market in spring - got 9.2% more than what their home was valued at, according to data released this month from real estate analytics firm ATTOM Data Solutions. Sellers got a premium in other spring and summer months too: May (7.4%); July (7.3%); April (6.4 %); March (6.1%); August (5.8%); meanwhile December, January and October sellers got less than a 4% premium. Demand is much higher in spring and summer in part because school is out and winter is over so people are out and about. (Marketwatch)
DID YOU KNOW?
About 6.5% of U.S. sales in the 4th quarter of 2018 were flips, or homes sold within a year from when they last changed hands, the highest share in seasonally adjusted data going back to 2002. (Bloomberg)
DID YOU KNOW?
Guess who is buying up abandoned malls? Amazon. Why? They are big, really big. They are close to the consumer. They are in close proximity to highways. They can be bought for a discount... about 23 large scale brick-and-mortar properties have already been bought and converted to e-retail use. (WSJ)
DID YOU KNOW?
There are roughly 14 million people worldwide with net assets of $1 million or more. There are only 560,000 people with net assets of $10 million or more. There are just 25,000 people with net assets of $100 million or more....and 2,140 billionaires. US wealth is expected to grow by 20% over the next 10 years, but China's is expected to be 120%, India 180% and Australia 80%! (New World Wealth)
