- The National Association of REALTORS® 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.
For more detailed information, view the full PDF: The Jobs Impact of an Existing Home Purchase 2013.