Housing Prices: The average price of a single family home in the United States peaked in March 2007, bottomed in May 2011, and then rose back above it’s March 2007 average high price in November 2015 where it stayed through July 2016. From its May 2011 low, home prices are up 32%. From its March 2007 previous high, home prices are up just 4% (source: Office of Federal Housing Enterprise Oversight)
Annual Deficit and National Debt: For fiscal year 2016 (the 12 months that ended 9/30/16) the United States had a $587 billion budget deficit. During fiscal year 2016, the United States increased its national debt by %1.423 trillion to 19.573 trillion. (source: Treasury Dept)
Top and Bottom: American families in the bottom 50% of pre-tax household income are expected to receive 17.7% of national income in 2017. American families in the top 1% of pre-tax income are expected to receive 15.4%of national income in 2017 (source Treasury Dept)
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me.
Ron Henderson GRI, RECS, CIAS
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth