According to the Bureau of Economic Analysis and the National Association of Realtors, the real estate industry accounted for $61,041 million or 15.6% of the gross state product in Massachusetts in 2011. Economic contributions come from home construction, real estate brokerage, mortgage lending, title insurance, rental and leasing, home appraisal, moving truck service, and other related activities.
According to the report Economic Impact of Real Estate Activity : Massachusetts, dated March 2013 the sale of a typical home in Massachusetts for $294,900 generates an additional $93,716 in spending.