I avidly keep an eye on statistical data in the real estate industry, and the National Association of Realtors Chief Economist Lawrence Yun just published some new information that I think is astounding. Check it out:
In February, payroll job cuts totaled about 36,000. Sounds like a lot, I know. But compared to the last TWO years when job losses averaged about 400,000 PER MONTH, this new slim figure is more comforting. He said that the abnormally snowy weather likely held back about 100,000 new jobs and if it had been a milder winter we might have actually gained some ground in the job sector.
Annually, the US averages 4 million live births, 2 million deaths, and 1 million new immigrants. Counting the 2 million weddings and 1 million divorces, the average move every 7-10 years, and renters searching for their own place, the net gain in the US is about 1 million new households per year. Yun tells us that we can expect 50 to 70 million home sales over the next 10 years.
Let your mind boggle those numbers a bit as you check out my other blog posts. Have a Happy Friday!
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Kelly Reark, Licensed REALTOR in the State of Florida
Gasparilla Properties, Inc., Boca Grande