When you buy or sell a home, you’re making a big decision for yourself and your family. But did you know that your move also plays a key role in boosting your local economy? Many people don’t realize just how much their home purchase or sale impacts the community around them.
The Economic Impact of a Home Sale
Every year, the National Association of REALTORS® (NAR) releases a report highlighting the financial ripple effect of home sales. Their research shows that the sale of an existing (previously owned) home contributes over $60,000 to the local economy. If you’re buying a newly built home, that number jumps to more than $125,000.
Why such a big impact? Because buying or selling a home involves an entire network of professionals—real estate agents, lenders, home inspectors, contractors, appraisers, movers, and more. Every transaction fuels multiple industries, creating jobs and supporting local businesses.
Real Estate and Job Creation
The housing market is a major driver of employment. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains:
“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.”
That means your decision to buy or sell isn’t just about securing a new home—it’s about supporting your neighbors and strengthening your town’s economy. From the local carpenter who renovates a property to the mortgage lender processing paperwork, your move helps keep businesses thriving and families supported.
Investing in Your Community’s Future
Beyond job creation, real estate transactions contribute to local tax revenue, which funds schools, parks, emergency services, and infrastructure projects. The more active the housing market, the more resources are available to improve the community.
So, whether you’re upsizing, downsizing, or making a fresh start, your decision is about more than just real estate—it’s an investment in the place you call home.
Ready to Make a Move?
If you’re thinking about buying or selling this year, know that your choice extends far beyond your front door. You’re making a difference in your community, supporting local businesses, and fueling economic growth. Let’s connect to discuss your real estate goals and how we can work together to make a positive impact!
