Real Estate News from the KCM Blog
Home Sales Generate $52,205 Impact on Economy
The National Association of Realtors
(NAR) compiled data from research conducted by the Bureau of Economic Analysis & Macroeconomic Advisors on the economic impact of a home purchase. After reviewing the data
, they concluded that the total economic impact of a typical home sale in the United States is an astonishing $52,205.
Here is the breakdown of their report:
Economic Contributions are derived from:
- Home construction
- Real estate brokerage
- Mortgage lending
- Title insurance
- Rental and Leasing
- Home appraisal
- Moving truck service
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