{"id":4177,"date":"2022-05-25T05:00:20","date_gmt":"2022-05-25T10:00:20","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/how-buying-or-selling-a-home-benefits-the-economy-and-your-community\/"},"modified":"2022-05-25T05:00:20","modified_gmt":"2022-05-25T10:00:20","slug":"how-buying-or-selling-a-home-benefits-the-economy-and-your-community","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/how-buying-or-selling-a-home-benefits-the-economy-and-your-community\/","title":{"rendered":"How Buying or Selling a Home Benefits the Economy and Your Community"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/05\/19165140\/20220525-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"How Buying or Selling a Home Benefits the Economy and Your Community | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>If you\u2019re thinking of <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/05\/17\/why-rising-mortgage-rates-push-buyers-off-the-fence\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">buying<\/a> or <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/04\/14\/on-the-fence-of-whether-or-not-to-move-this-spring-consider-this\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">selling<\/a> a home, chances are you\u2019re focusing on the many extraordinary ways it\u2019ll change your life. But do you know it has a large impact on your community too?<span id=\"more-46539\"><\/span><\/p>\n<p>To measure that impact, the <em>National Association of Realtors<\/em> (NAR) releases a <a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/2022-state-economic-impact-report-us-04-28-2022.pdf\" target=\"_blank\" rel=\"nofollow noopener\">report<\/a> each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy:<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/05\/19163751\/20220525-MEM-Eng-1.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-46543\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/05\/19163751\/20220525-MEM-Eng-1.png?resize=650%2C488&#038;ssl=1\" alt=\"How Buying or Selling a Home Benefits the Economy and Your Community | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a>As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly built homes (<em>see map below<\/em>):<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/05\/19163753\/20220525-MEM-Eng-2.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-46544\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/05\/19163753\/20220525-MEM-Eng-2.png?resize=650%2C488&#038;ssl=1\" alt=\"How Buying or Selling a Home Benefits the Economy and Your Community | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a>You may be wondering: how can a single home sale have such a major effect on the economy?<\/p>\n<p>For starters, there are multiple industries that play a role in the process. Numerous contractors, specialists, lawyers, town and city officials, and so many other professionals are all necessary at various stages during the transaction. Every individual you work with, like your trusted <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/04\/12\/why-a-real-estate-professional-is-key-when-selling-your-house\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">real estate advisor<\/a>, has a team of <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/03\/01\/an-expert-advisor-will-give-you-the-best-advice-in-todays-market\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">professionals<\/a> involved behind the scenes.<\/p>\n<p>That means when you <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/05\/11\/are-there-more-homes-coming-to-the-market\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">buy<\/a> or <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/05\/04\/your-house-could-be-closer-to-list-ready-than-you-think\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">sell<\/a> a home, you\u2019re leaving a lasting impression on the community at large. Let the knowledge that you\u2019re contributing to those around you while also meeting your own needs help you feel even more empowered when you decide to make your move this year.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Homebuyers and sellers are economic drivers in their community and beyond. Let\u2019s connect so you have a trusted real estate advisor on your side if you\u2019re ready to get started. It won\u2019t just change your life; it\u2019ll make a powerful impact on your entire community.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re thinking of buying or selling a home, chances are you\u2019re focusing on the many extraordinary ways it\u2019ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4178,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-4177","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Buying or Selling a Home Benefits the Economy and Your Community&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/how-buying-or-selling-a-home-benefits-the-economy-and-your-community\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Buying or Selling a Home Benefits the Economy and Your Community&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re thinking of buying or selling a home, chances are you\u2019re focusing on the many extraordinary ways it\u2019ll change your life. 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