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.
Please share your thoughts with RE-Insider.