How Does Real Estate Drive Your State’s Economy?

June 10, 2019
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Photo: Unsplash/Maurice Williams

The National Association of Realtors analyzed the amount of revenue generated by a real estate transactions across U.S. states. 

NAR calculated the total economic impact of real estate-related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance.

Nationwide, NAR estimates that each home sale at the median generated nearly $85,000 of economic impact in 2018.

Hawaii saw the highest income generated from a home sale in 2018, at $246,980. It was followed by the District of Columbia ($224,730), California ($173,130), Colorado ($129,050), and Washington ($126,170).

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