Here are some interesting real estate facts and statistics that you can share with family and friends to show off your knowledge:
- 90% of the world’s millionaires became rich thanks to real estate. (The College Investor)
- There are no restrictions on foreign property ownership in Japan. (Plaza Homes Ltd.)
- Individual real estate investors account for 74.4% of rental properties in the US. (US Census Bureau)
- 79% of Americans consider owning a home one of the greatest goals to achieve (Bankrate)
- The average age of all homebuyers in the US is 47 years old, while the average home seller is 57, according to real estate statistics (Bloomberg, NAR)
- The average American is likely to move 12 times in their lifetime (Steinway)
- With an average rent of $695 for a single-family residence, Springfield, Montana, is the cheapest among the US’s most populous cities (GOBankingRates)
- Our very own Atherton – zip code 94027 is the most expensive zip code in America with a median real estate sale price of slightly over $7 million (Mental Floss)
- Surprisingly, Massachusetts is the priciest US state to buy a home in (MarketWatch)
- The most expensive residence in the world is Buckingham Palace, England (Investopedia)
- Scots paint their front door red, when they pay off their mortgage (Homes MSP)
- Zillow is the most popular real estate and rental marketplace in the US (The Most Expensive Homes)
- Austin, Texas, is the top commercial real estate market in the US (CXRE)
- There are more single female homeowners in the US than single male homeowners (Lending Tree)
- Staged homes sell 25% faster than non-staged ones (G2)
