February 25, 2011
Real Estate is vital to the Job Market
Do you realize how important the real estate market is to our national economy? The National Association of REALTORS 2011 President, Ron Phipps, has stated that for every additional 1,000 homes that are sold, about 500 jobs are added to the economy. In fact, every home that is purchased pumps approximately $60,000 into the economy. Housing accounts for more than 15% of the United States’ gross domestic product and home owners pay 80-90% of all federal income taxes. Everyone stands to benefit with a more vibrant real estate market.
Eight of the last ten recessions have ended as a result of a robust housing market. The other two ended as a result of war spending. The healthier our housing industry, the healthier our nation will be. If you have any questions about the local Central Indiana real estate market give me a call or text at 317-413-5311, or email me at . I specialize in Boone, Hamilton, Hendricks and parts of Marion Counties here in the greater Indianapolis area.
Posted by: 
Jeremy Page
Tagged With:
boone county real estate,
housing market,
indiana housing market,
jeremy page,
national economy crisis,
real estate market,
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and ron phipps
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