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Ambassador
2,783,138
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
1,023,102
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
2,690,971
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
3,157,919
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
1,766,396
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Yes, terribly old information.

Sep 21, 2022 03:18 PM
Rainmaker
945,376
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
4,742,877
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
Rainer
408,297
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
849,092
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
412,024
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
596,130
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
695,147
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
2,078,682
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
789,393
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
Rainmaker
4,565,876
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
1,558,301
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
4,332,295
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
5,751,377
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