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Jobs Impact of Existing Home Sale

  • 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.

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

Danielle Hale, Director of Housing Statistics

As a Research Economist at NAR, Danielle studies tax issues, the wealth impact of home ownership, and different measures of home prices.

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Comments
  1. Steve Ha r kness

    I think the National Association of Realtors is spot on with this! If our Federal Government wants to get the economy humming again…they need to do everything they can to encourage homeownership.