How Buying or Selling a Home Benefits Your Community

How Buying or Selling a Home Benefits Your Community

If you're thinking of buying or selling a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too.

Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes (see visual below):

When a house is sold, it really boosts the local economy. That’s because of all the people needed to build, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:

“. . . housing is a significant job creator. In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year . . .”

It makes sense that housing creates a lot of jobs because so many different kinds of work are involved in the industry.

Think about all the people involved with selling a house—city officials, contractors, lawyers, real estate agents, specialists, etc. Everyone has a job to do to make your deal go through. So, each transaction is a big help to those who work and live in your community.

Put simply, when you buy or sell a home, you’re helping out your neighbors. So, when you decide to move, you're not just meeting your own needs—you're also doing something good for your community. Just knowing your move helps so many people around you can give you a sense of empowerment as you make your decision this year.

Discover the positive impacts of buying or selling a home on your community. Learn how real estate transactions can benefit local development, economy, and social connections. Enhance your community by making informed property choices.

• Benefits of buying a home
• Effects of selling a home on community
• Real estate community development
• Economic benefits of real estate transactions
• How home ownership affects local communities
• Real estate's role in community enhancement

Lean more:

1. Local Economic Growth and Real Estate - An article highlighting how real estate transactions stimulate local economies.
2. Community Development through Real Estate - A study on the impacts of real estate transactions on community development and cohesion.
3. The Social Benefits of Home Ownership - Research discussing the social connections and community involvement stemming from home ownership.
4. Real Estate Trends Affecting Community Health - Insights into how trends in real estate sales and purchases influence the well-being of communities.
5. Investing in Communities via Real Estate - A guide for potential home buyers and sellers on the community benefits of their transactions.

Bottom Line

Every time a home is sold, it really helps out the local economy. If you’re ready to move, let’s get in touch. It won’t just change your life—it’ll also do a lot of good for the whole community.