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2,789,110
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Would appreciate the source of your comment, William before I make a decision on that. Thank you!

Sep 21, 2022 11:12 AM
Rainmaker
1,027,872
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Money goes into lots of pockets due to housing sales:

Agent commissions

Staging fees

Professional photo fee

House prep: various contractors and building material suppliers

Lender fees

Mortgage interest

New furniture

New appliances

New flooring, etc.

The list goes on...

Not sure if $50K is a good number but housing does a lot more for the economy than just put a roof over owner's heads.

 

Sep 21, 2022 05:03 PM
Rainmaker
2,692,524
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There is enough for everyone providing we don't interfere (greed) with it. America has a living economy meaning it has to keep going no matter what. If it stops, it takes prisoners. Not good

Sep 21, 2022 01:51 PM
Ambassador
3,162,455
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Says who?  

Likely fake news. Misinformation. Disinformation. 

Sep 21, 2022 03:38 PM
Rainmaker
1,767,846
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Yes, terribly old information.

Sep 21, 2022 03:18 PM
Rainmaker
946,891
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I would like to see the ACTUAL STORY you are quoting, which so far you have not shown. Googling this multiple ways gives me NOTHING. Copying/pasting 'yuh-huh, CNBC' is hardly proof. LMFAOOOOO

 

Sep 21, 2022 01:10 PM
Ambassador
4,746,697
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I agree with Wanda Kubat-Nerdin - Wanda Can!  Please share.

Sep 21, 2022 11:28 AM
Rainmaker
790,818
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I'm not going to worry about the source of that number... I think it's pretty darn safe to say that ANY SOLD home puts $$$ into the economy...  I do think that the amounts for insurance and taxes shouldn't count though since it's not "added money".  I'd be curious about the amount of NEW money put into the economy w/ each purchase...  Let's start w/ a gallon of paint, followed by countless trips back to the home improvement store for more.  

Sep 22, 2022 05:32 AM
Rainer
409,367
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

I am not sure what source would be considered reliable for many of the people on this platform.  I expect NAR wouldn't be, but here is their figure from 2019. Every home sale adds more than $88,000 to the economy

Sep 21, 2022 01:41 PM
Rainmaker
850,292
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I'd like to see those calculations.

Sep 21, 2022 12:41 PM
Rainmaker
412,996
Dana Hollish Hill
Hollish Hill Group, JPAR Stellar Living - Bethesda, MD
REALTOR * Broker * Coach

How is that calculated? Can't be true of all homes. Is that an average?

Sep 21, 2022 12:25 PM
Rainmaker
596,490
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Like "printing new money"? That sounds low. 

Sep 21, 2022 11:56 AM
Rainmaker
698,399
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It doesn't make any sense to me.

Sep 21, 2022 11:40 AM
Rainmaker
2,085,563
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I did not know this William (sorry I couldn't tag you) but I can easily see how it is possible and plausible.

Sep 21, 2022 11:35 AM
Rainmaker
4,577,249
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The devil is in the details. More facts needed!

Sep 22, 2022 04:58 AM
Rainmaker
1,559,528
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Yes, as John mentioned a lot of people(agents, title and escrow reps, inspectors, stagers, handymen,etc etc) , a state, city,  etc. and IRS funds benefit from a sale of the house. 

Sep 23, 2022 02:10 PM
Rainmaker
819,420
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Yes, I've heard something like this and can believe it. Think of all the staging, prep, listing, marketing, closing, and post home expenses. Then you add the buyer side to that. It is easy to see how one house puts a lot of money into the economy. That's why the government often works to get home sales going when the economy is sluggish.

And by the way, NAR says it is $88,000.

Sep 26, 2022 06:11 AM
Rainmaker
4,346,375
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Well I think you would be right with a inspection done, insurance purchase, paint and etc.

 

Sep 22, 2022 11:51 AM
Ambassador
5,762,213
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Doesnt surprise me.

Sep 22, 2022 11:11 AM