When a home is sold in Kansas there is an economic impact

When a home is sold in Kansas there is an economic multiplier impact. There is greater spending at restaurants, sports games, and charity events. The size of this "multiplier" effect is estimated to be $8,961 per home sold.

Additional home sales induce additional home production. Typically one new home is constructed for every 8 existing home sales. Therefore, for each existing home sale, 1/8 of the new home value is added to the economy which is estimated in the sate to be $18,525.

Kansas needs a vibrant real estate industry, doesn't it?

Let us know what you think or add to our blog by writing a comment.

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

Your Kansas City Real Estate Marketing Masters!

Follow us on Twitter

Be our fan Facebook
Friend us on Facebook
Network with us on Ning
Follow us on Social Media

Search 21,000+ Kansas City Homes For Sale including foreclosures, short sales, luxury homes and more