Did You Know?

DID YOU KNOW? CORRECTION: Instagram now has 1 billion users worldwide (not 1 million as in my typo the other day!). Instagram announced that it now has 1 billion users worldwide. It had 800 million users in September of last year, which was 200 million more than that same time the year before.
DID YOU KNOW? Freddie Mac analysts say millions of senior citizens are staying in their homes longer than their predecessors in earlier generations, keeping homes off the market and making it more difficult for younger Americans to break into ownership. 1.1 million homes have been “held off the market” by owners born between 1931 and 1941, and another 300,000 by those born between 1942 and 1947. Another 250,000 homes are still being occupied by their baby boomer owners – those born between 1948 and 1958. According to their calculations, there is an overall shortfall of 2.5 million housing units across the USA. (Marketwatch)

DID YOU KNOW? The size of the average fixed-rate mortgage last week nationally was $280,900. The size of the average adjustable-rate mortgage was $688,400. (Marketwatch)

DID YOU KNOW? Savill's concluded that New York is now the best TECHNOLOGY CITY in the USA: their assessment used criteria including the amount of venture capital money available, the size of the pool of qualified workers, property prices, wellness amenities, the cost of everyday items (like coffee) and the degree of access to public transit. The 2015 and 2017 study had Austin, Texas, in the top slot and San Francisco as the runner-up, but in 2019, New York’s dominance in venture capital, as well as its more robust transportation network, outweighed its relatively high prices for apartments and offices. (NY POST)

DID YOU KNOW? JC PENNEY, the traditional go-to for appliances, will cease to sell appliances at the end of this month. (WSJ)

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