- September 16, 2014
- Advice
- No Comments
Here it is, Ā as simple as buying a house or two! Strengthening the job market – buy that house that you have been waiting to buy!
- The National Association of REALTORSĀ® estimates that one job is generated or supported for every two home sales.
- This estimate is based on a comparison of the economic impact of an existing home sale to various measures of income.
- In 2013, the economic impact of a single home sale was estimated to be more than $68,000. In the same year, GDP per worker was $123,400. Thus, two home sales would generate more in economic impact than the total GDP per 1 worker.
- Comparisons against other types of income measures would show an even higher home sales impact on jobs.
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