Mike May, Realtor 804.731.0111 Mike May, Realtor 804.731.0111
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Chesterfield County Real Estate: Building The Economy & Home Ownership

Posted By @ Nov 9th 2011 3:01pm In: Blog Posts by Mike May

Are your considering purchasing Chesterfield County real estate? hands

If you have any doubts about the true value that a home represents, visit your local home improvement store on a Saturday morning. After a hard week’s work, what could possibly motivate people to walk the aisles seeking plants, decorative fixtures or new appliances? The answer is homeownership. An integral part of the American dream, a home is where memories are made and how many individuals gain the opportunity to build wealth over time.  Homeownership has a significant impact, not only on the individual but also the community and economy at large.

“Housing contributes to GDP in two basic ways: through private residential investment and consumption spending on housing services. Historically, residential investment has averaged roughly 5% of GDP, while housing services have averaged between 12 and 13%, for a combined 17 to 18% of GDP.” Read the full article here

Source: National Association of Home Builders (NAHB)



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