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One home sale generates $68,205 total state income in Delaware!

By
Real Estate Broker/Owner with Active Adults Realty

Did you know that in our state of Delaware in 2007 the real estate industry accounted for 15.5% of gross state product? When a home is sold in Delaware: 
 

  • Income generated for related industries is $21,024
  • Additional expenditures on consumer items is $5,331
  • The sale generates an economic multiplier impact that translates to dollars spent in local restaurants, sports games, etc. to the amount of $12,650
  • The sale generates new home production which translates to $29,200 for each home
  • The total income derived from the sale of a home in Delaware is $68,205

What's the impact of real estate in your state?

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