Check out stats and reports compiled by the National Association of Realtors examining how the housing market in your state affects the local economy. Both Washington and Oregon have a high impact, compared to other states.
How is the housing market in your state affecting the local economy? These reports outline the total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance. Find out how much the real estate industry is affecting the gross state product for your area.
To find the interactive graphic and state reports, click here: State-by-State Economic Impact of Real Estate Activity