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REAL ESTATE MARKET DIRECTLY IMPACTS KITSAP'S BUSINESS CLIMATE
Real Estate Industry Generates Money:
The amount of money generated into the business community from construction payrolls and real estate sales is enormous. It comes not only in the form of salaries paid to tradesmen and commissions earned by agents (which are then spent in the local economy for everything from groceries to new cars), but it also comes from the money generated by support services for the real estate industry - title reports, escrow fees, inspection reports, loan fees, signs, print advertising, etc.
The majority of this revenue is spent with local businesses, so it is recirculated again within Kitsap County. There are no exact statistics available on how much this actually amounts to, but it has historically been a significant sector of our local economy ever since the "Trident Boom", which began in the early 1970's.
Affordable Housing Impacts Business Climate:
How does one measure the impact on the business community of affordable housing? Kitsap County has arguably the most reasonably priced housing in the Puget Sound region. That fact, combined with the quality of life and the influx of people attracted to homes they can afford, make this a good place to succeed in business as well.
BY
LARY COPPOLA
EDITOR AND PUBLISHER
THE KITSAP BUSINESS JOURNAL
WET APPLE PUBLISHING
360.876.7900
FAX 360.895.2495
E-mail: biznews@wetapple.com
Web Sites: www.KitsapBusinessJournal.com
www.wetapple.com
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