2000 VS 2019 - How Does the Economy and Real Estate Market Compare?
Is the real estate market better or worse than it was 20 years ago and more importantly what is the outlook for the real estate market in the coming years? During this video Jim explores several key factors including population trends, interest rates, household formation, and the number of real estate transactions occurring annually.
Many of our clients don't know that the real estate industry is a major driver of the United States economy accounting for over 17% of the gross domestic product each year. On average every transaction adds over $84,000 to the local economy.
See how each sale impacts your state by clicking this link:
https://www.nar.realtor/reports/state-by-state-economic-impact-of-real-estate-activity
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