Total impact one Fla. home sale has on the economy? $77,858 ORLANDO, Fla. – June 14, 2019 – When it comes to Florida's economy, real estate is a heavyweight. A recent updated analysis by the National Association of Realtors ® (NAR) finds that money generated by the state's real estate industry makes up 21.9% of the gross state product. Each home sale generates $21,483 for home-related businesses, such Realtors' commissions and moving services. And buyers spend an additional $4,243 on items for their new homes, such as appliances, furnishings, property alterations, etc. Because money spent by one person goes into someone else's pocket, a single dollar can be spent over and over, called a multiplier. According to NAR, the total multiplier of a housing sale in Florida is $12,348 – and that doesn't include the total impact of new home construction, which is $39,783 per sale (51.1% of the real estate industry's total impact). In total, the average ...
Dawn Deegan, Broker Associate REALTOR® at Fathom Realty, Orlando, FL. Dawn holds the designations of ABR (Accredited Buyer Rep); CRS (Certified Residential Specialist); GRI (Graduate Realtor® Institute); SFR (Short Sale Foreclosure Resource); SRS (Seller Rep Specialist; and is also a Cert Negotiation Expert (CNE); Quality Service Cert (QSC), Transnational Referral Cert (TRC), Gold Key Cert (GKC). Dawn is also Relocation Certified and is Silver Certified with Concierge Auctions.