How Buying or Selling a Home Boosts Your Local Economy

Whether you’re in the market to buy or sell a home, here’s something you might not have considered: your decision doesn’t just affect you and your family — it creates a ripple effect that benefits your entire community.

Each year, the National Association of Realtors (NAR) releases a report showing just how much real estate activity fuels the local economy. According to their data, purchasing an existing home contributes over $60,000 to the local economy, while buying a newly built home generates an even larger impact — more than $125,000 (see chart below).

That’s because it takes a whole team of people to build, renovate, and sell homes. As Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), puts it:

“Housing is a powerful driver of employment. In fact, every new single-family home built generates enough economic activity to support three full-time jobs for an entire year.”

And when you stop and think about it — it makes perfect sense. Every home sale sets off a chain of activity, involving contractors, inspectors, city officials, real estate agents, attorneys, and countless other professionals who each play a role in bringing the transaction to life.

In short, buying or selling a home is more than just a personal milestone — it’s an investment in your community. Your decision to move helps keep local businesses running, supports jobs for your neighbors, and strengthens the foundation of your town.

Picture yourself stepping into your next home, knowing your move kept someone’s crew working or helped a small business grow. That’s the power of real estate — and it’s worth remembering as you plan your next move.

Bottom Line

Making a move is more than just a personal achievement — it’s a way to give back to your community. If you’re thinking about buying or selling a home, reach out to a trusted local real estate professional. Your decision will have a positive impact on more lives than you might realize.

What matters most to you as you get ready to buy or sell a home this year? I'd love to hear!