Every Time a Home is Sold You Are Helping the Economy

By
Mortgage and Lending with Home Loans by Sean Young - New American Funding NMLS: 191647

Every Time a Home is Sold You Are Helping the Economy

 

As most of us know there are some great benefits being in the real estate business. Like helping people achieve homeownership, finding that perfect home, saving a family money, creating wealth and the ability to make a great living.

But did you know that you are also helping change the economy in your state every single time you sell a house?

As a real estate agent, loan officer, underwriter, closer, processor, title rep, appraiser and everyone else who helps facilitate a real estate closing you are assisting in the overall local economy of your state.

Want some proof?

Check out this chart with data collected by the Bureau of Economic Analysis, Census, NAHB, NAR and Macroeconomic Advisors.

Home Sale Economic Impact

This chart shows the total income derived from every sale of a home per state. To get specific information for your state visit

http://www.realtor.org/reports/state-by-state-economic-impact-of-real-estate-activity

 

From the chart above you can see every time a home is sold in Colorado the economic impact is better by $67,000. In Colorado the real estate industry accounted for 16.3% of the gross state product in 2012.

So be proud of what you do, this is a great industry we are in and it’s important that you know how much of a positive impact you have with your clients and the local economy.

 

Now go out and help sell a home for goodness sake, 

A lot of people are counting on you! 

Sell a House - Improve the Economy

 

 

Pin for later: http://www.pinterest.com/pin/192528952795266144/

Posted by

Sean Young
Mortgage Loan Officer

Cell: 303.521.7169

www.mylendersean.com

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NMLS: 191647  / LMB: 100013240

MyLenderSean.comFirstCal Colorado Mortgage

Comments (4)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

This is so true... it's easy to forget the domino effect of this--inspectors, appraisers, lenders, surveyors, furniture stores, other contractors all end up at the receiving end when a home is sold.

May 12, 2014 05:33 AM
Sean Young
Home Loans by Sean Young - New American Funding - Highlands Ranch, CO
Colorado loan officer

Thanks for the comment Nina, I found this chart to be a great reminder of that too. 

May 12, 2014 05:49 AM
Donny Carter
Carter & Roque Real Estate - Frostburg, MD
Mountain Maryland Real Estate Expert

Thanks for sharing Sean. This graph is certainly eye opening! 

May 12, 2014 06:25 AM
Sean Young
Home Loans by Sean Young - New American Funding - Highlands Ranch, CO
Colorado loan officer

Thanks Donny Carter, I agree. 

May 12, 2014 06:29 AM

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