How Buying or Selling a Home Benefits the Economy and Your Community 
If youre thinking ofbuyingorsellinga home, chances are youre focusing on the many extraordinary ways itll change your life. But do you know it has a large impact on your community too?
To measure that impact, theNational Association of Realtors(NAR) releases areporteach 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. To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly built homes (see map below):
You may be wondering: 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 your trustedreal estate advisor, has a team ofprofessionalsinvolved behind the scenes.
That means when youbuyorsella home, youre leaving a lasting impression on the community at large. Let the knowledge that youre contributing to those around you while also meeting your own needs help 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 and beyond. Connect with a trusted Seven Gables real estate advisor if youre ready to get started. It wont just change your life; itll make a powerful impact on your entire community.
