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Horacio Granados

Horacio GranadosHoracio GranadosHoracio Granados

Signed in as:

filler@godaddy.com

  • Home
  • About Me
  • Market Trends
  • Open House
  • Buyer Zone
    • Buyers Common Mistakes
    • Buyers
    • Buyer Tips
    • Why Buy a Home
    • Green Home
    • Supplemental taxes
    • Vesting
    • Economic Impact
    • Down Payment Assistance
    • Down Payment
    • Agent vs Sales Person
    • The Transaction Process
    • Mortgage Process
    • Cost Allocation
  • Seller Zone
    • Free market analysis
    • Proposition 19
    • Notice of Default
    • Seller's Tips
    • IRS Section 121
    • IRS S 1031 Exchange
    • Listings
    • What is Title Theft?
  • Real Estate News

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What is The Economic Impact Of A Typical Home Sale

A home sale transaction doesn't only have an impact in your life.

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 (NAHB), explains how the housing industry adds jobs to a community:

“The economic impact means housing is a significant job creator. 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.” 

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 notes housing activity could have a more robust impact than you think due to the many ways it’s tied to the economy:

“Housing has three direct linkages to economic activity (GDP): the construction of new homes, the remodeling of existing homes, and that of housing transactions. . . . consider the activity associated with home sales – think broker fees, lawyers, etc. – which are a sizable contributor to housing’s GDP footprint.” 

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

So, when you make a move in the housing market, you’re not just meeting 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.

Bottom Line

Each and every home sale is important for the local economy. If you’re ready to move, Let's connect,  It won’t just change your life – it’ll also have a strong positive effect on the whole community.

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  • Open House
  • Buyers Common Mistakes
  • Buyers
  • Buyer Tips
  • Why Buy a Home
  • Green Home
  • Economic Impact
  • Down Payment Assistance
  • Down Payment
  • Agent vs Sales Person
  • Free market analysis
  • Proposition 19
  • Notice of Default
  • Seller's Tips
  • IRS Section 121
  • IRS S 1031 Exchange
  • Listings
  • Real Estate News
  • Real Estate Articles

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