Why Buying or Selling a Home Helps the Economy and Your Community.
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If you’re thinking about buying or selling a house, it’s important to know that it doesn’t just affect your life, but also your community. The chart below shows how much economic activity is generated by homes sales and it’s impact.
As the visual shows, when a house is sold, it can make a big difference in the local economy. The impact comes largely from the workers required to build, update, and buy and sell homes.
Housing being a major job creator makes sense when you consider there are many different industries involved in the process.
When you buy or sell a home, you work with a team of professionals, including contractors, specialists, lawyers, and city officials. Each person plays a role in making the transaction happen. So, when you make a move in the housing market, you are not just meeting your own needs. You are also making a positive impact on the community. Knowing this can give you a sense of empowerment as you make your decision this year.