29 March 2009
Real Estate Drives the Economy...
In each national recession or economic downturn over the past 25 years, Real Estate has been the largest factor in the recovery. Real Estate was the largest contributor to the current economic difficulties. Real Estate will be the largest contributor to the recovery. Over 4.5 million homes sell each year. Every time a house sells from the most rural community to the most urban areas tens of thousands of dollars change hands and stays in that community; closing costs, home repairs, commissions, furniture, paint...the list is endless. As a Realtor, I'm proud to be part of the "grease" that keeps that flow of currency moving.
Note: Thanks to Rich Levin, who shared these thoughts recently. I never thought about it this way, but it makes perfect sense and is so true! And I now share them with you...
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