When you decide to buy or sell a home, you’re making more than just a personal financial decision—you’re also making a significant impact on your local economy. Every real estate transaction sets off a ripple effect that supports jobs, small businesses, and economic growth in your community.
The Economic Impact of Buying or Selling a Home
According to the National Association of Realtors (NAR), the purchase of an existing home contributes over $60,000 to the local economy. If you’re buying a newly built home, that number jumps to over $125,000.
Why such a big impact? Because behind every home sale is a team of professionals working to make it happen—real estate agents, mortgage lenders, contractors, home inspectors, title companies, and many others.
How Real Estate Drives Job Growth
The housing market is a powerful job creator. 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 . . .”
Whether it’s a builder constructing a new home, a landscaper designing curb appeal, or a moving company transporting belongings, every step of the process fuels employment and economic activity in your area.
Strengthening Your Community
Buying or selling a home means more than just a new address—it strengthens local businesses and services. The people you hire, the materials purchased, and the money spent all contribute to the well-being of your neighborhood. Your real estate decision helps sustain local contractors, keeps city officials engaged in community development, and provides business for shops, restaurants, and service providers.
The Bottom Line
Your home purchase or sale does more than fulfill your housing needs—it’s an investment in your community. If you’re considering a move, let’s connect. At Arbor Home Loans, we’re here to help you make informed decisions that benefit both you and the community around you.