Each time someone decides to purchase a home here in the US, there is on average over $88,000 of economic growth spurring from the homes selling in that city and the towns where the home was sold.
This is Steve Grizoffi, broker, owner of Royalty By Design, and we’re looking today at how real estate sales is gonna boost the economy here in the US. In fact, in California, it’s around $171,000 of economic growth added back into the economy in a positive direction. According to the N.A.R., the National Association of Realtors, they calculated the total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sales, according to aspects like home construction cost, real estate brokerages, mortgage lending, and title insurance. The average positive economic impact on the sale of just one home in the US is $88,416. In fact, home sales is gonna help our economy recover as it generates income for various industries.
Well, crazy times here in real estate here in Rocklin, California, 95765 and 95677. Loomis, California, 95650, and Auburn, California, 95602 and 95603 right here in South Placer County. There are only 84 active homes for sale right now in Rocklin, and that is low. There are only 130 homes as you go up the hill from Loomis all the way up to Auburn. This means that we’re going to have a strong seller’s market. Buyers are having to compete, and we’re seeing bidding wars and offers coming in above-asking price, especially in the lower price range points. Here’s an example. In Rocklin right now, there were only two homes under $400,000 mark, and there are only 16 homes available right now between the 400 and 500k. As you start going up the hill from Loomis, Penryn, New Castle, and then up to Auburn, there are only 130 homes active right now in that area. Only eight of those are below 400,000, 13 between the 400 and 500k mark. You can expect multiple offers in many of these homes that are listed under $500,000.
At Realty By Design, we give you tips on how to maximize the value of your home to make sure you get the best possible price and terms. If you have any questions or would just like to learn more about how to get top dollar for your home, reach out to us here at Realty By Design, Steve Grizoffi.
