Robert Backer: Jobs & Home Ownership: You Can’t Have One Without The Other Wednesday, June 9, 2021 - by Robert Backer, president, Greater Chattanooga Realtors Recently, I had the privilege of speaking to the Chattanooga Chamber of Commerce and reflected on just how similar our two organizations are to one another. After all, when it comes to jobs and homeownership, you can’t have one without the other.
Did you know that jobs are created every time a house is built, bought, or sold? A job is created for every two homes sold, and each home sale touches 80 different occupations.
According to a National Association of Realtors’ 2020 study of Tennessee home sales, each home purchase generates an estimated $75,000 in economic activity over time.