How Your Home Sale Fuels the Local Economy

Dated: March 26 2025

Views: 131

Community

Whether you’re buying or selling a house, here’s something to think about that most people don’t. Your decision doesn’t just impact your life and your family’s, it sparks a ripple effect that has a positive impact on your entire community.

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.

The data shows that if you buy an existing (previously lived-in) home, you're giving the local economy a boost of just over $60K. And if you buy a newly built home, that number goes up to over $125K (see visual below):

a graph of a home saleThat’s because of all the people needed to build, fix up, 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:

“. . . 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 . . .”

When you think about it, it makes sense. Behind every home sale is a network of people involved, including contractors, city officials, real estate agents, lawyers, specialists, and more. Everyone has a job to do to help make sure your deal goes through.

Put simply, when you buy or sell a home, you’re helping out your neighbors. So, your decision to move doesn’t just meet your needs; it supports their families, strengthens your town, and shapes the future of your community.

Imagine walking through the front door of your next home, knowing your decision helped a local contractor keep their crew working or a small business thrive. Remember that feeling as you make your decision this year.

Bottom Line

Moving isn’t just a personal milestone – it's an investment in your community, too. If you’re ready to make a move, let’s connect. You’ll make a difference for more people than you know.

What’s most important to you as you prepare to buy or sell your house this year?

Blog author image

Your Howard Team

Welcome — we’re glad you’re here.We’re Ruth and Frank Howard, known locally as Your Howard Team, and we help homeowners across the Willamette Valley make smart, confident real ....

Latest Blog Posts

How to Make Your Contingent Offer Stand Out to a Willamette Valley Seller

Need to sell your current home before you can buy your next one? A contingent offer can still win — but only if it's built right.We walk through what makes yours the one a Willamette Valley

Read More

Should You Accept a Contingent Offer?

A contingent offer on your home isn't automatically a risk — but it does come with real tradeoffs worth understanding before you sign.Here's how Oregon's contingency structure protects,

Read More

Buying a Home Sold Under Power of Attorney | Oregon Guide

Buying a home where the seller is signing under power of attorney? The legal ground rules haven't changed — but where you focus your due diligence should.Here's what buyers in the Willamette

Read More

Selling a Parent's Home With Power of Attorney | Oregon Guide

Selling Mom or Dad's house under power of attorney? Here's what actually changes in the transaction — from disclosure requirements to closing — and what doesn't.Read our full blog

Read More