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The Community And Economic Impacts Of A Home Sale | Keeping Current with Real Estate Blog

Monday, August 9, 2021   /   by Scott Parks

The Community and Economic Impacts of a Home Sale

The Community and Economic Impacts of a Home Sale


If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community and the entire U.S. economy via the multiple industries and professionals that take part in the process.
The National Association of Realtors (NAR) releases a report each year that highlights 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:To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly-built homes (see map below):As you can see, a single home sale can have a massive effect on the o ...

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  the community and economic impacts of a home sale