Did you Know...
Richard Elias
Top Producer | Real Estate Professional | All Surrounding San Diego Areas | COMPASS
* A big percentage of people who buy second/vacation/weekend homes plan to retire in them ultimately.... full-time.
*?After conducting a survey of lead pipes in the US, the NRDC estimates that there is a range of 9.7 - 12.8 million pipes that are, or may be, lead, spread across all 50 states, including those that claim to have none.
* The UK has been experiencing prolonged periods of drought after wet winters since 2022 causing the porous rock beneath vast parts of the southeast of England, including London, ?to move more than usual, cracking or tilting many of the city’s historical homes in the plushest neighborhoods. The damage has triggered the highest insurance payout in almost two decades, with experts warning that it could get worse. The London clay, the type of soil that covers most of these areas can shrink and swell a lot. The wetter it gets, the more it swells and expands and the drier it gets, the more it shrinks and cracks. A good reminder to get a soil test when buying a home to understand what your home is built on! (BLOOMBERG)
* Healthcare, government and....construction saw the biggest jobs gains!
* The NAR reports that 66% of their members are women. But the industry is also structured so that 90% of agents are not actually employees of the agencies they work with. They are independent contractors, which means they are not protected under Title VII — the federal law that prohibits discrimination and sexual harassment in the workplace.
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* House prices are suffering from lack of supply which is pushing prices...up...its economics 101. Little is being done to fuel supply. (CNBC)
* CNBC rated TOP STATES FOR BUSINESS in the US and here are their criteria based on 86 metrics in 10 categories of competitiveness: workforce,?infrastructure,?the local economy, quality of?life, health and inclusion,?cost of doing business,? technology and innovation,?business friendliness,?education,?access to capital and cost of living.?.....and the winner is (AGAIN!)......
1. North Carolina (#1 for workforce, #3 for economy, #6 for access to capital)
2. Virginia (great universities, top education system and access to capital)
3. Tennessee (outstanding infrastructure with 107 million people within 1 day's drive, #3 for education, especially community colleges)
4. Georgia. (Best infrastructure, solid economy and healthy housing market)
5. Minnesota (solid infrastructure, growing semiconductor/tech!)....and.... the Most Improved State in 2023 is .....New Jersey to #19, up from #42!? Texas and California tied for #1 for access to capital.? (CNBC)