Run in Spirit: With a Donation to the REALTOR Relief Fund
LOUISIANA REALTORS • October 19, 2018
This year during NAR’s REALTOR Conference & Expo, there will be the first-ever 5K race/walk around Boston starts and ends at the Boston Common, the oldest city park in America. This event benefits the REALTORS® Relief Foundation and other local charities, including New England Center for Homeless Veterans, St. Francis House and Friend's of Boston's Homeless.
Louisiana REALTORS has assembled the Louisiana Lagniappe team led by President Pam Testroet. The group will participate in the event and is seeking donations that will benefit the Disaster Relief Fund. Many of us in Louisiana have benefited from the contributions of our fellow REALTORS following disasters and our friends in Florida and Carolinas could use the favor returned. If you aren’t attending NAR’s meeting in Boston, you can “Run in Spirit” with the team and donate at the link below.
Louisiana REALTORS® CEO Norman Morris issued the following statement after SpaceX announced plans to invest $100 billion in a new launch facility in Vermilion Parish. The project is expected to create 3,000 direct jobs and more than 8,100 indirect jobs across Acadiana. “SpaceX’s investment is an extraordinary economic win for Louisiana. We congratulate Governor Jeff Landry, Louisiana Economic Development Secretary Susan Bourgeois, Vermilion Parish leaders, and everyone who helped bring this historic project home. The housing and infrastructure improvements needed to support more than 11,000 new job opportunities should generate a huge economic boost to the Acadiana and Gulf Coast region. According to the National Association of REALTORS®, each typical Louisiana home sale generates approximately $88,600 in economic activity. Even if only half of the new SpaceX related jobs lead to a home purchase, the impact would generate nearly half a billion dollars across our state's economy. That improves our tax base and school systems, and ripples through our economy touching builders, bankers, hardware stores, appliance dealers, contractors and so many more. “Housing is not downstream of economic development; it is an essential infrastructure. Louisiana REALTORS® and our partners stand ready to help turn these new jobs into homes, stronger communities and lasting roots in Louisiana. Economic development creates jobs, but housing turns those jobs into homes. Let’s make Louisiana home again, together.” Economic-impact estimates are illustrative calculations by Louisiana REALTORS® using employment projections from Louisiana Economic Development and the National Association of REALTORS®’ estimated economic impact per typical Louisiana home sale. They are not forecasts or recurring annual-impact figures. Enjoy the video below from the Louisiana Department of Economic Development .
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