How Buying or Selling a Home Helps Your Local Economy

How Buying or Selling a Home Helps Your Local Economy

Whether you’re buying or selling a house, here’s something to think about that most people don’t. Your decision doesn’t just impact your life and your family’s, it sparks a ripple effect that has a positive impact on your entire community.

Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes.

The data shows that if you buy an existing (previously lived-in) home, you're giving the local economy a boost of just over $60K. And if you buy a newly built home, that number goes up to over $125K (see visual below):

That’s because of all the people needed to build, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:  

“. . . 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 . . .”

Every home sale relies on a team of people—contractors, city officials, real estate agents, lawyers, and specialists—working together to make the process successful.

When you buy or sell a home, you’re not just meeting your own needs—you’re helping your neighbors by supporting local jobs and strengthening the community.

Picture walking into your new home, knowing your decision helped a local contractor stay busy or a small business grow. Keep that in mind as you plan your next move.

Bottom Line
Buying or selling a home isn’t just about you—it’s a way to give back to your community. If you’re thinking about making a move, let’s connect and make a positive impact together.

What matters most to you as you prepare to buy or sell this year?