Did you know?
Here are some interesting facts per the National Association of Realtors.
1. For every additional 1,000 home sales, about 500 jobs are added to the economy.
2. Every home purchase pumps $60,000 into the economy.
3. Housing accounts for more than 15% of the national gross domestic product.
4. Home owners pay 80-90% of all federal income taxes.
5. 8 of the last 10 recessions have ended as a result of robust housing markets. The other two ended as a result of war spending. (No brainer right?)
6. Right now Congress is debating whether to keep the Mortgage Interest Deduction. What does that mean? It means that if you are a home owner, the interest paid on your mortgage annually will no longer be tax deductible. It also means that there is not as big incentive to be a home owner, one of the things our economy needs most right now!
(stats courtesy of National Assoc of Realtors)
Here are some interesting facts per the National Association of Realtors.
1. For every additional 1,000 home sales, about 500 jobs are added to the economy.
2. Every home purchase pumps $60,000 into the economy.
3. Housing accounts for more than 15% of the national gross domestic product.
4. Home owners pay 80-90% of all federal income taxes.
5. 8 of the last 10 recessions have ended as a result of robust housing markets. The other two ended as a result of war spending. (No brainer right?)
6. Right now Congress is debating whether to keep the Mortgage Interest Deduction. What does that mean? It means that if you are a home owner, the interest paid on your mortgage annually will no longer be tax deductible. It also means that there is not as big incentive to be a home owner, one of the things our economy needs most right now!
(stats courtesy of National Assoc of Realtors)
No comments:
Post a Comment