Neal Freiman
π€ SpeakerAppearances Over Time
Podcast Appearances
And now this is another fun stat.
What was the last time I said since the Great Depression is the last time that more people left the United States than came?
Well, this was in 1935.
This is the last time more people left the U.S.
than moved in.
And where they were going might surprise you.
The biggest destination in 1935 was the Soviet Union.
More than 100,000 Americans applied to work in tractor plants, steel plants, factories of the Soviet Union, and they were playing baseball over there in Moscow.
Very interesting trend.
It looks like it's only going to accelerate as we head into 2026 and 2027.
All right, up next, I'm not sure this next bit of news will keep people from fleeing America, but it is a start.
For the first time in more than three years, U.S.
mortgage rates fell below 6%.
Please clap.
Yes, according to Freddie Mac, the average rate for a 30-year fixed mortgage dropped to 5.98% this week, hitting its lowest point since September 2022.
The hope is that by crossing this psychological threshold,
More buyers will enter the housing market to wake it up from a years-long slumber.
Last year was the slowest year for home sales in three decades, and it couldn't have come at a better time.
I know it doesn't feel like it, but spring is coming, and that's the busiest season of all for homes changing hands, as families with kids typically try to move in over the summer before the school year starts.
Mortgage rates have been on a steady decline since peaking near 8% in January 2023.