Saturday, February 27, 2021

Did You Know 2-26-2021


DID YOU KNOW?  U.S. household income jumped 10% in January as the government delivered stimulus payments to households and consumer spending rose 2.4%, priming the economy for a burst in growth this year. (WSJ)

 DID YOU KNOW? FLEEING California?  Hardly! California housing had the hottest real estate month in 17 years!  Homebuyers gobbled up houses at a 484,730 annual pace in January, up 22.5% in a year, the third consecutive gain above 20%.  The statewide median price paid was $699,890, up 21.7% in a year and the biggest gain since February 2014.  If that’s not overheated to you, consider this: The last time sales and prices jumped more than 20% in the same month was August 2003. Thanks to Carol Burnett of COMPASS Silicon Valley.

DID YOU KNOW? Second-home sales were up 44% year over year in 2020, according to the NAR. About 45% of vacation home buyers are in their 50s and 60s and buy for personal use. (Marketwatch)

DID YOU KNOW? 874,354 Londoners have assets worth more than $1 million compared with 820,000 in New York. (Marketwatch)

DID YOU KNOW?  Yesterday, thirty years ago, Tim Berners-Lee introduces WorldWideWeb, the first web browser and WYSIWYG HTML editor.

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