{"id":5823,"date":"2024-05-08T05:30:00","date_gmt":"2024-05-08T10:30:00","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/how-buying-or-selling-a-home-benefits-your-community\/"},"modified":"2024-05-08T05:30:00","modified_gmt":"2024-05-08T10:30:00","slug":"how-buying-or-selling-a-home-benefits-your-community","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/how-buying-or-selling-a-home-benefits-your-community\/","title":{"rendered":"How Buying or Selling a Home Benefits Your Community"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240507\/20240508-How-Buying-or-Selling-a-Home-Benefits-Your-Community.png?ssl=1\" alt=\"How Buying or Selling a Home Benefits Your Community Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear: both;max-width: 100%\" \/><\/p>\n<p>If you&#8217;re thinking of <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/11\/builders-are-building-smaller-homes\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">buying<\/a> or <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/30\/what-more-listings-mean-when-you-sell-your-house\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">selling<\/a> a house, it&#8217;s important to know it doesn&#8217;t just impact you\u2014it helps out the local economy and your community, too.<\/p>\n<p>Every year, the <em>National Association of Realtors<\/em> (NAR) puts out a <a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/2024-state-economic-impact-of-real-estate-activity-report-united-states-04-09-2024.pdf?_gl=1*gi9lw4*_gcl_au*NDg0ODIxMTgxLjE3MTIyNDc0OTg.\" rel=\"noopener noreferrer\" target=\"_blank\">report<\/a> that breaks down the financial impact that comes from people <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/05\/top-5-reasons-to-hire-an-agent-when-buying-a-home-infographic\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">buying<\/a> and <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/29\/nows-a-great-time-to-sell-your-house\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">selling<\/a> homes (<em>see visual below<\/em>):<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240507\/20240508-Impact-of-a-Typical-Home-Sale.png?ssl=1\" rel=\"noopener noreferrer\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240507\/20240508-Impact-of-a-Typical-Home-Sale.png?ssl=1\" alt=\"No Caption Received\"><\/a><\/p>\n<p><\/p>\n<p>When a house is sold, it really boosts the local economy. That\u2019s because of all the people needed to <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/03\/newly-built-homes-could-be-a-game-changer-this-spring\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">build<\/a>, fix up, and sell homes. Robert Dietz, Chief Economist at the <em>National Association of Home Builders<\/em> (NAHB), <a href=\"https:\/\/chicagoagentmagazine.com\/2023\/01\/02\/nahb-robert-dietz-new-construction\/\" rel=\"noopener noreferrer\" target=\"_blank\">explains<\/a> how the housing industry adds jobs to a community:<\/p>\n<blockquote><p><em>\u201c. . .<\/em><strong><em> housing is a significant job creator.<\/em><\/strong><em> In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year . . .\u201d<\/em><\/p><\/blockquote>\n<p>It makes sense that housing creates a lot of jobs because so many different kinds of work are involved in the industry.<\/p>\n<p>Think about all the people involved with selling a house\u2014city officials, contractors, lawyers, real estate agents, specialists, etc. Everyone has a job to do to make your deal go through. So, each transaction is a big help to those who work and live in your community.<\/p>\n<p>Put simply, when you <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/25\/is-a-multi-generational-home-right-for-you\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">buy<\/a> or <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/10\/should-i-move-with-todays-mortgage-rates\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">sell<\/a> a home, you\u2019re helping out your neighbors. So, when you <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/04\/16\/should-i-wait-for-mortgage-rates-to-come-down-before-i-move\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">decide to move<\/a>, you&#8217;re not just meeting your own needs\u2014you&#8217;re also doing something good for your community. Just knowing your move helps so many people around you can give you a sense of empowerment as you make your decision this year.<\/p>\n<h3>Bottom Line<\/h3>\n<p>Every time a home is sold, it really helps out the local economy. If you\u2019re <a href=\"\/2024\/04\/12\/the-perks-of-downsizing-when-you-retire-infographic\/\" rel=\"noopener noreferrer\" target=\"_blank\">ready to move<\/a>, get in touch with a local <a href=\"\/2024\/04\/09\/the-top-5-reasons-you-need-a-real-estate-agent-when-buying-a-home\/\" rel=\"noopener noreferrer\" target=\"_blank\">real estate agent<\/a>. It won\u2019t just change your life\u2014it\u2019ll also do a lot of good for the whole community.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re thinking of buying or selling a house, it&#8217;s important to know it doesn&#8217;t just impact you\u2014it helps out the local economy and your community, too. 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 (see visual [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5824,"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-5823","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 v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Buying or Selling a Home Benefits 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-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 Your Community&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"If you&#8217;re thinking of buying or selling a house, it&#8217;s important to know it doesn&#8217;t just impact you\u2014it helps out the local economy and your community, too. 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