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"By all these lovely tokens September days are here, with summer's best of weather and autumn's best of cheer." - Helen Hunt Jackson |
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Compass in the News |
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Our Compass team continues to launch new tools that help agents grow our business. Together, we are changing the experience of selling or buying a home, and we’re just getting started. Join Doug Heddings, Founder & CEO Robert Reffkin and CTO Joseph Sirosh to learn more about the Compass Product & Engineering team and how they’re reshaping one of the largest industries in the world.
Click below and register to meet our innovative team, attend product demos and ask questions on Wednesday, Oct. 6th. |
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Real Estate in the News |
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Foreign Buyers Spent $20 Billion Less on U.S. Real Estate Travel restrictions associated with the coronavirus kept many foreign would-be buyers out of the U.S. last year - and that kept billions of their dollars out of the housing market. Home purchases by international buyers and recent immigrants plummeted 33% from the previous year, according to a recent National Association of Realtors® report. International purchasers spent roughly $54.4 billion on U.S. real estate -down considerably from about $74 billion a year earlier. But that doesn’t appear to have hurt the housing market overall. |
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Mortgage Rates Remain Virtually Flat |
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The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. 16, according to Freddie Mac‘s latest PMMS survey. Mortgage rates have been around that mark for roughly two months - Read @ freddiemac.com |
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DID YOU KNOW? |
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*In the 1950s, 5% - 7% of national US income came from corporate taxes. By 2018, that figure had fallen to 1.5% *In 1950, when looking at all federal, state, and local taxes, the top 0.01% of earners paid almost 70% of their income in taxes. Do many workers pay no taxes? Working-class and middle-class Americans pay payroll taxes, state and local sales taxes. *Since 2001, the share of federal income taxes paid by the top 1 percent increased from 33.2% to a new high of 40.1% in 2018. *In 2018, the top 50% of all taxpayers paid 97.1% of all individual income taxes, while the bottom 50% paid the remaining 2.9%. The top 1% of wage earners in the U.S. earn wages of at least $758,434, while the bottom 50% of taxpayers made below $43,614 in AGI in 2018. (Source: Institute of Taxation and Money Policy) |
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Just Another Day in 1911 NYC |
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More old (& new) NYC |
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The 30 Best New York City Landmarks to Visit (Includes lesser-knowns that don’t necessarily touch the clouds). AD's List. |
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Giving Back |
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Giveback Homes is a trusted community of real estate professionals who are committed to creating social change by helping build homes for deserving, hardworking families in need around the globe. On Friday, I will be joining a team of Compass Denver colleagues as we travel to El Salvador with Giveback Homes to help build 2 homes for two deserving families in the Los Lotes community. Meet the families below. To join the Giveback Homes movement click here. To check out current projects and donate to help build a home for a family in need, please click here. 100% of your contribution will go directly towards building homes for social good. |
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Juan Carlos, María Eugenia, Gerson, Karla and Melissa's current home consists of a structure of tree trunks and wood, forming a single room without divisions. The roof and walls are made of aluminum sheets, and the floor is dirt, which turns into mud during a storm.Juan Carlos and Maria are hard workers in their jobs and active in the community. A new home means a change of life, and they consider it a great blessing for the peace of mind it will provide their family. |
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María Isabel and Cristian Alejandro's current home also consists of a structure of tree trunks and wood forming a single room without divisions. The roof & walls are made of aluminum sheets & the floor is dirt. During storms, they have leaks and flooding which causes their floor to turn into mud.María Isabel is a single mother who works as a vendor in a public school. She believes that a new home will provide her and Cristian with a sense of peace and safety, as well as provide protection for her son. |
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Featured Listings |
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