Did You Know?

DID YOU KNOW? Rent prices increased at their fastest rates in 10 months in February, a sign that the break renters got last year from rising housing costs may be over. The US median monthly rent was $1,472/month in February, up 2.4% from $1,438/month a year ago. Rent increases in major centers ranged anywhere from1% to as high as 7% (Orlando). The median U.S. home value, was $226,300 in February, up 7.2% from the previous year. (Marketwatch)
(PS: If a $1,472/month rent increases 2.4% annually, a tenant will end up paying $781,576 over 30 years of renting....if you rent for 60 years and rent growth averages 0%, that number jumps to over $1 2.4% it's over $2.3 million)

DID YOU KNOW? Median compensation for 132 chief executives of S&P 500 companies reached $12.4 million in 2018, up from $11.7 million for the same group in 2017. By contrast, the TOP 100 world celebrities (Music, the arts, sports) averaged an income of over $50 million in 2017.....The Top 50 all earned $43m+. (WSJ)
DID YOU KNOW? U.S. housing starts were up a seasonally adjusted 18.6% in January from a year earlier, while permit volume increased 1.4%. (Marketwatch)

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