This blog was inspired by Lenn Harley's recently featured post about the need for a housing industry recovery in order for the US economy to make a full recovery. I'm going to quote Lenn here because she said it so well "DHA!" This is 100% true and I think it needs to be recognized how important our industry is to the US economy.
I have $1.1 million in sales closing in the next 6 weeks. Now, I'm not even close to being the biggest show in town and thats the amount of money I'm pumping into the US economy between now and mid-october. Connected to these home sales are additional monies going to title insurance companies, lenders, real estate attorneys, home inspectors, moving companies, escrow agents, contractors, electricians and plumbers (off the top of my head) not to mention the additional home sales that are connected to each transaction.
This fell into perspective for me tonight when I was thinking about my job pre-real estate. I worked for an IT media company. This company was a big deal, not a mom & pop shop - profitable, employed about 600 people, is publicly traded and does about $100 million in revenue per year. If we break that down monthly, that equals about $12.5 million in 6 weeks. I'm only one Realtor and I'm going to generate almost 1/10th of that in the same time period, just little old me. The top producer in Waltham did over $47 million in sales last year.
Yes, I think it's safe to say, Realtors are the straw that stirs the drink.
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