Friday, March 5, 2010

The Census and Real Estate


Starting in March, Census forms will be delivered to every residence in the United States and Puerto Rico. A couple of clients have asked me why they should bother, and why the government is spending so much money on this.
First of all, they have no choice. The Census is required by the Constitution to take place every 10 years. The 2010 Census will help communities receive more than $400 billion in federal funds each year.
What does this mean for us? Well, in addition to helping our community to receive federal funds for things like hospitals, job training centers, schools, senior centers, and emergency services, the Census will arm us with statistics to better know our community and potential home buyers.
The resulting data also gives us a better idea of trends in the market, who’s buying homes, and home ownership statistics. To see recent reports on housing topics from the Census, visit U.S. Census Bureau Housing Topics.
And don't forget, the data collected by the Census also helps determine the number of seats our state has in the U.S. House of Representatives, further ensuring that voices are heard....we hope!

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