Typical Home Sale Generates About $64,000 to the Local Economy

As we discuss sign ordinances and other regulations with our local and state officials, it is helpful to place home selling in perspective of what they care about, local impact.

@NAR_Research has updated their estimate of home sale impact on the local economy. They estimate the typical home sale has a $64,000 impact to the local economy through moving costs, brokerage services and the other expenditures associated with a sale.

Good information the next time a city council member, zoning officer or elected official asks why you need a sign in front of your business or listing. Imagine what the impact is for commercial properties…