by Rob Wicker
If you’ve ever doubted the importance of the real estate industry, consider these statistics released by the National Association of Realtors:
Home sales in this country generate more than 2.5 million private sector jobs, and for every two homes sold a job is created.
Every home purchased pumps up to $60,000 into the economy over time for furniture, home improvements and related items.
Housing accounts for more than 15% of the Gross Domestic Product.
Housing led this country out of six of the last eight recessions.
Thanks to the NAR for reporting these important facts. The bottom line is that housing creates jobs, and that is what America needs right now. Both political parties need to understand and appreciate the impact home ownership has on the economy.