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CAN ANYONE HELP ME FIND THE NAR REPORT THAT STATES THE AVERAGE HOME SALE GENERATED $60,000 OF ECONOMIC ACTIVITY?

I heard the president of a major real estate company mention this amount at Star Power this July. I have also heard report s from NAR similar to this, but I can find NO back up data. I think a link to a correct source would be great for marketing!

Anyone have a good source for this information?

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Posted by Joe Jackson on 11/08/2009 08:38 AM

Comments (3)

first time buyer tax credit, economy in the us, clintonville homes for sale, beechwold homes for sale

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3 Comments on CAN ANYONE HELP ME FIND THE NAR REPORT THAT STATES THE AVERAGE HOME SALE GENERATED $60,000 OF ECONOMIC ACTIVITY?

NOV

I do not know . But if you figure 10k in over all closing costs and inspections and the average home is 200k then you add 12 k in commissions. You have 22k plus I guess they are counting, even in this market appreciation profit you could get near 60k. I would be interested in finding the source as well

I'll post the source when we find it!

I have heard the same thing and will follow this post to see if we get a link or something along those lines for an answer. I'm sure it puts a lot of money back into the economy with every home sale no doubt about it. Don't forget about furniture, moving supplies, home depot supplies, etc.

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