How Buying or Selling a Home Benefits Your Community

<article class="post-1038594 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1038594"><span class="entry-date">May 8, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">How Buying or Selling a Home Benefits Your Community</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=How+Buying+or+Selling+a+Home+Benefits+Your+Community&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fhow-buying-or-selling-a-home-benefits-your-community%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="How Buying or Selling a Home Benefits Your Community Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20240508-How-Buying-or-Selling-a-Home-Benefits-Your-Community.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p>If you’re thinking of <a href="https://www.simplifyingthemarket.com/2024/04/11/builders-are-building-smaller-homes/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buying</a> or <a href="https://www.simplifyingthemarket.com/2024/04/30/what-more-listings-mean-when-you-sell-your-house/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">selling</a> a house, it’s important to know it doesn’t just impact you—it helps out the local economy and your community, too.</p>
<p>Every year, the <em>National Association of Realtors</em> (NAR) puts out a <a href="https://cdn.nar.realtor/sites/default/files/documents/2024-state-economic-impact-of-real-estate-activity-report-united-states-04-09-2024.pdf?_gl=1*gi9lw4*_gcl_au*NDg0ODIxMTgxLjE3MTIyNDc0OTg." rel="noopener noreferrer" target="_blank">report</a> that breaks down the financial impact that comes from people <a href="https://www.simplifyingthemarket.com/2024/04/05/top-5-reasons-to-hire-an-agent-when-buying-a-home-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buying</a> and <a href="https://www.simplifyingthemarket.com/2024/04/29/nows-a-great-time-to-sell-your-house/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">selling</a> homes (<em>see visual below</em>):</p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/20240508-Impact-of-a-Typical-Home-Sale.png" rel="noopener noreferrer" target="_blank"><img alt="No Caption Received" decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/20240508-Impact-of-a-Typical-Home-Sale.png"/></a></p>
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<p>When a house is sold, it really boosts the local economy. That’s because of all the people needed to <a href="https://www.simplifyingthemarket.com/2024/04/03/newly-built-homes-could-be-a-game-changer-this-spring/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">build</a>, fix up, and sell homes. Robert Dietz, Chief Economist at the <em>National Association of Home Builders</em> (NAHB), <a href="https://chicagoagentmagazine.com/2023/01/02/nahb-robert-dietz-new-construction/" rel="noopener noreferrer" target="_blank">explains</a> how the housing industry adds jobs to a community:</p>
<blockquote><p><em>“. . .</em><strong><em> housing is a significant job creator.</em></strong><em> In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year . . .”</em></p></blockquote>
<p>It makes sense that housing creates a lot of jobs because so many different kinds of work are involved in the industry.</p>
<p>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.</p>
<p>Put simply, when you <a href="https://www.simplifyingthemarket.com/2024/04/25/is-a-multi-generational-home-right-for-you/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buy</a> or <a href="https://www.simplifyingthemarket.com/2024/04/10/should-i-move-with-todays-mortgage-rates/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">sell</a> a home, you’re helping out your neighbors. So, when you <a href="https://www.simplifyingthemarket.com/2024/04/16/should-i-wait-for-mortgage-rates-to-come-down-before-i-move/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">decide to move</a>, 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.</p>
<h3>Bottom Line</h3>
<p>Every time a home is sold, it really helps out the local economy. If you’re <a href="https://www.simplifyingthemarket.com/2024/04/12/the-perks-of-downsizing-when-you-retire-infographic/" rel="noopener noreferrer" target="_blank">ready to move</a>, get in touch with a local <a href="https://www.simplifyingthemarket.com/2024/04/09/the-top-5-reasons-you-need-a-real-estate-agent-when-buying-a-home/" rel="noopener noreferrer" target="_blank">real estate agent</a>. It won’t just change your life—it’ll also do a lot of good for the whole community.</p>
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