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How Buying or Selling a Home Benefits the Economy and Your Community

How Buying or Selling a Home Benefits the Economy and Your Community

May 25, 2022 by Jennifer Davida

How Buying or Selling a Home Benefits the Economy and Your Community | Simplifying The Market

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll 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 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:

How Buying or Selling a Home Benefits the Economy and Your Community | Simplifying The MarketAs 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 (see map below):

How Buying or Selling a Home Benefits the Economy and Your Community | Simplifying The MarketYou may be wondering: how can a single home sale have such a major effect on the economy?

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 real estate advisor, has a team of professionals involved behind the scenes.

That means when you buy or sell a home, you’re leaving a lasting impression on the community at large. Let the knowledge that you’re 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.

Bottom Line

Homebuyers and sellers are economic drivers in their community and beyond. Let’s connect so you have a trusted real estate advisor on your side if you’re ready to get started. It won’t just change your life; it’ll make a powerful impact on your entire community.

Source: Keeping Current Matters

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Filed Under: Real Estate News Tagged With: real estate

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  • Zillow 5 Star Review  Jenn Davida is by far the best realtor in our market area. I foregoed the lowest commission offered to us to ensure we got the best experience and lots of... read more clear communication. We are 200% satisfied with the process and Jenn's results. If you want a pleasant experience and best result, I'd strongly recommend Jenn Davida.

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  • Zillow 5 Star Review  Jenn was amazing to work with when purchasing my new home. She was so helpful with every detail and was always available for questions. The home even closed a few... read more days early.

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  • Zillow 5 Star Review  Jenn Davida secured us our perfect home during the craziest market ever! She was able to answer every question we had quickly and accurately, she guided is through our... read more aggressive negotiations with grace and confidence which helped us land our dream home in the area we needed to be in. Professional, kind and connected. There are not enough kind words to express our gratitude for her help.

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    Mary Miller
    July 28, 2021
  • Zillow 5 Star Review  This is the second property that I've bought leveraging Jenn's real estate prowls! I literally contacted Jenn at 9PM at night when I saw a listing on the market in... read more the specific neighborhood we were looking at and she managed to squeeze me into her schedule to view the house the next day. I had an offer prepared that night and was already in a bidding war! Jenn helped me to craft a competitive offer and when I snoozed on my counteroffer in time, she helped convince the seller to make me the formal backup offer. It worked out because we ended up going under contract! You would think it would be smooth sailing from there but we hit several roadblocks during the inspection period and Jenn was a google master trying to find experts to advise us for each issue we uncovered. When our appraisal came in significantly less than we felt should be the right value, she gave me different strategic advise for how to move forward. In the end we were able to close on the house that my husband and I are in LOVE with just in the nix of time before welcoming our first baby. While this was my experience with buying this specific home, the reason I continue to use Jenn is because she is a bubbly personality, super professional, and makes herself available to help her clients achieve their goal (whether selling or buying). If you want an agent that is fighting for a house as if it was her own...than Jenn is your gal. If you want an agent that will entertain all of your questions, no matter how stupid....than Jenn is your gal. If you want an agent that will give you 200% when you're giving 100%...than Jenn is your gal. If you are looking for an agent to sell or buy a home, please do not look further than Jenn. I've used her, my friend has used her, and my cousin has used her....clearly it goes to show that we are all fans and she has managed to help each of us find our dream home. I already plan on using Jenn to sell my condo!

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    April 17, 2021
  • Zillow 5 Star Review  I’ve dealt with Jen, and it’s hard to find a better Agent than the Jen in the Tampa market these days. She has been able to answer all my questions... read more without having to wait days or weeks to get an accurate response. She always connect me with the contacts needed to get closer to my investing goals. I Appreciate you so much. and wish you many more successes.

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    parsa11495
    March 16, 2021
  • Zillow 5 Star Review  Jenn is the consummate professional! She was with me every step of the way! She truly cares about her clients & their needs/wants! Utilizing her knowledge and experience led me... read more to the perfect hone. Nobody works harder than Jenn!

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    bcorley55
    January 28, 2021
  • Zillow 5 Star Review  Jenn was with me for all the steps of purchasing a new construction home. During the construction process we stayed in touch even though it was not much to... read more discuss. Still, it's nice to know somebody is there looking out for your interests. She was there during the walkthrough to help point out the imperfections that needed to be corrected. She was at closing to review the paperwork and explain exactly what I was signing. Jenn is generally easy to reach but if she's busy she never fails to get back to you and communication with her is very easy.

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    January 22, 2021
  • Zillow 5 Star Review  Jenn gave me honest advice and guidance on my home sell. She is a true professional that believes in telling people about the entire picture and process. It is a... read more wonderful experience to sell a home with Jenn because she makes herself available for questions and concerns, provides detailed instructions on the steps moving forward, does an excellent job negotiating and provides the best support team available. The professional photographer that she hired was amazing and they were able to get beautiful pictures of the home. Jenn Davida is a real gem!

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    December 11, 2020
  • Zillow 5 Star Review  Jenn Davida is one of a kind..she is personable, knowledgeable, patient and kind. We are so.grateful to her for making our home buying and selling dreams come true. Thank you... read more Jenn for being you!!!

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    misslondont
    November 19, 2020
  • Zillow 5 Star Review  Five Star Realtor! My wife and I selected Jenn Davida to list a lakefront property in Citrus Park, that we planned to build a custom home on. Jenn implemented a... read more solid marketing strategy, negotiated offers, and closed the deal at the full listing price in less than ninety days! She is dedicated, detail-oriented, and driven. We highly recommend Jenn Davida for your real estate solutions.

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