How Buying or Selling a Home Benefits Your Community

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If you're considering buying or selling a home, it's important to understand that it benefits not only you but also the local economy and community.

Every year, the National Association of Realtors (NAR) publishes a report that breaks down the financial impact of people buying and selling homes (see image below):

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When a house is sold, it greatly benefits the local economy. This is due to the large number of people required to build, renovate, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), describes how the housing industry creates jobs in 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 . . .”

It stands to reason that housing generates a large number of jobs because the industry involves a wide range of tasks.

Consider all of the people involved in the home-selling process: city officials, contractors, lawyers, real estate agents, specialists, and so on. Everyone has a role to play in ensuring the success of your transaction. As a result, each transaction significantly benefits those who work and live in your community.

Simply put, buying or selling a home benefits your neighbors. So, when you decide to relocate, you are not only meeting your own needs but also doing something good for your community. Knowing that your move will benefit so many people can give you a sense of empowerment as you make your decision this year.

Bottom line.

Every home that is sold contributes significantly to the local economy. If you're ready to move, please contact us. It will not only change your life; it will also benefit the entire community. 

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