NAR’s State-by-State Economic Impact
- Real estate is a major driver of the U.S. economy, accounting for $3,894.3 billion or nearly 17% of the GDP in 2021.
- Nationwide, NAR estimates that each home sale at the median generated about $113,000 of economic impact in 2021.
- NAR estimates that every home sale generates two jobs.
June Is National Homeownership Month
June is National Homeownership Month, a time to celebrate the value that owning a home brings to families and communities. NAR has created a Homeownership Month landing page that outlines things that we will be doing during the month and includes resources that you can share with your members. We applaud the White House for marking the occasion with a new proclamation. If you plan to share Homeownership Month posts on social media, please use the hashtags #HomeownershipMonth and #Homeownership.
June We Celebrate LGBTQ + Pride Month
This June, we celebrate LGBTQ+ Pride Month and support the equal rights of all people regardless of their sexual orientation and gender identity. Visit our Fair Housing Assets page to download Pride Month graphics and suggested social post copy.
Over 10 Years, Homeowners Obtained $240K in Equity
As prices climb, homeowners who’ve owned their homes for a while have seen a boost in appreciation.
Over the past decade, a homeowner who purchased a single-family existing home would have gained $229,400 in home equity if the home were sold at the median price in the fourth quarter of 2021, according to a new analysis by the National Association of REALTORS®, as reported on the association’s Economists’ Outlook blog.
In the past five years, home prices have notably climbed—rising at an annual pace of nearly 10%, NAR reports. A homeowner who purchased a typical home five years ago would have gained $125,300 from just price appreciation alone.
The Western region of the U.S. has had the most areas of the country where homeowners have built up the largest amount of home equity, led by San Jose-Sunnyvale-Santa Clara, Calif.; San Francisco-Oakland-Hayward, Calif.; Anaheim-Santa Ana-Irvine, Calif.; and urban Honolulu, Hawaii. Read more here.
That’s Who We R-National Ad Campaign
NAR members are encouraged to leverage NAR’s ad campaign by tapping into its resources and sharing out who you are and the value you bring to consumers. Download advertising and social media assets. All brand-boosting assets on this website will require member sign-in credentials as they are limited to REALTOR® usage only. Examples of usage and brand guidelines can also be found. Read more here.