How Buying or Selling a Home Benefits the Economy and Your Community
Are you thinking of buying or selling a home? Chances are you are focusing on the many extraordinary ways it will change your life. But, do you know it has a large impact on your community too?
To measure the impact, the National Association of Realtors releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy.
As the visual shows, a single home sale can have a significant effect on the overall economy. The NAR also provides a detailed look at how that varies state-by-state for newly built homes.
How can a single home sale have such a major effect on the economy? For starters, there are multiple industries that play a role in the process. Numerous contractors, specialists, lawyers, town and city officials, and so many other professionals are all necessary at various stages during the transaction. Every individual you work with, like a trusted real estate advisor has a team of professionals involved behind the scenes.
Therefore, when you buy or sell a home, you are leaving a lasting impression on the community. You are contributing to those around you while meeting your own needs. And, this helps you feel even more empowered when you decide to make your move this year.
Bottom Line
Homebuyers and sellers are economic drivers in their community. Let’s connect when you are ready to get started. It won’t just change your life. It will make a powerful impact on your entire community.
Call Ben Keeney 203-313-0013
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