Good News for Real Estate Agents – Wal-Mart Makes Huge Investment in Buying American

Why wait on Washington when there’s Wal-Mart?

Wal-Mart, the biggest private employer in the US with 1.4 million workers here, recently announced a three point plan to help jumpstart the US economy – and what they’re planning may help lift up the real estate industry as well.

Wal-Mart plans to hire more than 100,000 veterans in the next 5 years – a huge boost to keeping jobs in the US. Additionally, the company is set to spend $50 billion to buy more American-made merchandise over the next decade in to speed up the economic recovery.

RE-Insider has always said that people without jobs don’t buy homes. So Wal-Mart’s huge investment in buying American will help keep jobs at home. And those people need some place to live.

Perhaps not coincidentally, home prices in Southern California – and across much of the nation – have seen growth of around 20%. With more people buying homes and prices heading north, commissions for real estate agents are trending up as well.

Will other companies follow Wal-Mart’s lead and make an investment in buying American to help keep jobs in this country? Real estate agents everywhere must be hopeful that they will.

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