{"id":8740,"date":"2023-06-15T06:30:00","date_gmt":"2023-06-15T10:30:00","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8740"},"modified":"2023-06-15T06:30:00","modified_gmt":"2023-06-15T10:30:00","slug":"why-buying-or-selling-a-home-helps-the-economy-and-your-community","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8740","title":{"rendered":"Why Buying or Selling a Home Helps the Economy and Your Community"},"content":{"rendered":"
\"Why<\/p>\n

If you’re thinking about buying<\/a> or selling<\/a> a house, it’s important to know that it doesn’t just affect your life, but also your community.<\/p>\n

The National Association of Realtors<\/em> (NAR) releases a report<\/a> every year to show how much economic activity is generated by home sales<\/a>. The chart below illustrates that impact:<\/p>\n

<\/a><\/p>\n

As the visual shows, when a house is sold, it can make a big difference in the local economy. The impact comes largely from the workers required to build, update, and buy and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders <\/em>(NAHB), explains<\/a> how the housing industry adds jobs<\/a> to a community:<\/p>\n

\u201c<\/em>The economic impact means housing is a significant job creator.<\/em><\/strong> In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year, per NAHB research. . . . And one job for every $100,000 in remodeling spending.\u201d<\/em>\u00a0<\/p><\/blockquote>\n

Housing being a major job creator makes sense when you consider there are many different industries involved in the process. A recent article from Fortune<\/em> notes<\/a> housing activity could have a more robust impact than you think due to the many ways it\u2019s tied to the economy:<\/p>\n

\u201cHousing has three direct linkages to economic activity (GDP): the construction of new homes, the remodeling of existing homes, and that of housing transactions. . . . <\/em>consider the activity associated with home sales \u2013 think broker fees, lawyers, etc. \u2013 which are a sizable contributor to housing\u2019s GDP footprint.<\/em><\/strong>\u201d<\/em>\u00a0<\/p><\/blockquote>\n

When you buy<\/a> or sell a home, you work with a team of professionals<\/a>, including contractors, specialists, lawyers, and city officials. Each person plays a role in making the transaction happen.\u00a0<\/p>\n

So, when you <\/span>make a move<\/a> in the housing market, you’re not just <\/span>meeting<\/a> your own needs, you’re also making a positive impact on the community. Knowing this can give you a sense of empowerment as you make your decision this year.<\/span><\/p>\n

Bottom Line<\/h3>\n

Each and every home sale is important for the local economy. If you\u2019re ready to move<\/a>, reach out to a trusted real estate agent. It won\u2019t just change your life \u2013 it\u2019ll also have a strong positive effect on the whole community.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\"Why<\/p>\n

If you’re thinking about buying or selling a house, it’s important to know that it doesn’t just affect your life, but also your community.<\/span><\/p>\n<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,84,85],"tags":[],"class_list":["post-8740","post","type-post","status-publish","format-standard","hentry","category-blog","category-for-buyers","category-for-sellers"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8740"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8740\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}