How Buying or Selling a Home Helps Your Local Economy
Beth Helvey March 20, 2025
Beth Helvey March 20, 2025
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 . . .”
When you think about it, it makes sense. Behind every home sale is a network of people involved, including contractors, city officials, real estate agents, lawyers, specialists, and more. Everyone has a job to do to help make sure your deal goes through.
Put simply, when you buy or sell a home, you’re helping out your neighbors. So, your decision to move doesn’t just meet your needs; it supports their families, strengthens your town, and shapes the future of your community.
Imagine walking through the front door of your next home, knowing your decision helped a local contractor keep their crew working or a small business thrive. Remember that feeling as you make your decision this year.
Moving isn’t just a personal milestone – it's an investment in your community, too. If you’re ready to make a move, let’s connect. You’ll make a difference for more people than you know.
What’s most important to you as you prepare to buy or sell your house this year?
May 1st is the First Official Day of Turtle Nest Season
Seriously, Don't Skip It
Or to Start Your Income Property Journey?
Why You Shouldn’t Believe Every Headline (Or Chart) You See Online
Here’s How Thinking Like a First-Time Buyer Can Help
Cirque St. Armands Beachside has replaced Lido Key’s Holiday Inn—and it’s a major upgrade.
Here’s How To Use It
Trends in Sarasota and Manatee Counties
10 Small Fixes That Can Make or Break the Sale of Your Home
Factors That Can Affect Your Preapproval
It Is in Sarasota!
And How to Keep Yours on Track
You May Want to Find Out.
You May Decide to Move
Sarasota just witnessed an extraordinary rainfall event yesterday, one for the record books.
It’s probably part of why it fetched such a high price, setting a new record for tony Longboat Key.
Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now.
Hurricane season started in Florida a few days ago and runs through November.
I’d love to hear from you! Whether you’re buying, selling, or just exploring your options, I'm here to provide answers, insights, and the support you need. Contact me and start planning your next move.