How do Real Estate Sales in New Jersey affect the economy?
by Nan Woodward
When a home is sold in New Jersey, income is generated for related industries. Furniture sales/purchases and appliances total almost $40,000.00. You must look at the greater picture. Home sales create jobs. Taxes are paid on these property sales that roll into the State coffers.
The more stable the industry is, the stronger the economy will be. The NJ Realtors would like to see the state roll back recent increases to the realty transfer fees to boost sales. They definitely would like to see our property tax system totally revamped.
Help put the pressure on our legislators. This is your State and your economy also.
When a home is sold in New Jersey, income is generated for related industries. Furniture sales/purchases and appliances total almost $40,000.00. You must look at the greater picture. Home sales create jobs. Taxes are paid on these property sales that roll into the State coffers.
The more stable the industry is, the stronger the economy will be. The NJ Realtors would like to see the state roll back recent increases to the realty transfer fees to boost sales. They definitely would like to see our property tax system totally revamped.
Help put the pressure on our legislators. This is your State and your economy also.
Labels: property taxes, real estate foreclosures, real estate market
posted by Nan at 12:21 PM
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