Jobs Impact #ExistingHomeSales

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  • 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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