{"id":1941,"date":"2021-08-09T13:49:32","date_gmt":"2021-08-09T13:49:32","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1941"},"modified":"2021-08-09T13:49:32","modified_gmt":"2021-08-09T13:49:32","slug":"community-economic-impacts-home-sale","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/community-economic-impacts-home-sale\/","title":{"rendered":"The Community and Economic Impacts of a Home Sale"},"content":{"rendered":"
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The Community and Economic Impacts of a Home Sale<\/p><\/div>\n

If you\u2019re thinking of buying or selling a house, chances are you\u2019re focusing on the many\u00a0extraordinary ways<\/a>\u00a0it\u2019ll change your life. What you may not realize is that decision impacts people\u2019s 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.<\/p>\n

The\u00a0National Association of Realtors<\/em>\u00a0(NAR) releases a\u00a0report<\/a> 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:<\/p>\n

\"\"

Average Economic Impact of One Home Sale in the US<\/p><\/div>\n

To dive a level deeper, NAR also provides a detailed look at how that varies\u00a0state-by-state<\/a>\u00a0for newly-built homes (see map below<\/em>):<\/p>\n

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Average Economic Impact of Newly-Built Home Sale in the US<\/p><\/div>\n

As you can see, a single home sale can have a massive effect on the overall economy. Ali Wolf, Chief Economist for\u00a0Zonda<\/em>, talks about this in a\u00a0recent article<\/a>, noting there\u2019s a significant impact at each distinct phase of the transaction:<\/p>\n

\u201cThe housing market contributes to the economy in four main stages:<\/em><\/strong>\u00a0during planning and land development, throughout the actual construction of the home, at the point of sale, and upon moving in.<\/em>\u201d<\/p><\/blockquote>\n

When you buy or sell a home, you\u2019re leaving a lasting impression on the community at large in addition to fulfilling your own needs. That\u2019s because each stage of the process involves numerous contractors, specialists, lawyers, town and city officials, and so many other professionals. Every individual you work with, from your trusted\u00a0real estate advisor<\/a>\u00a0to the architects who design new homes, has their own team of professionals involved behind the scenes.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Homebuyers and sellers are economic drivers in their community and beyond. If you\u2019re thinking of buying or selling, let\u2019s connect today to start the process. It won\u2019t just change your life; it\u2019ll make a powerful impact on our entire community.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

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. Finish Reading The Community and Economic Impacts of a Home Sale<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[38,15,10,18,91,49,42,23,40,63,20,12,48,47,19,6],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1941"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1941"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1941\/revisions"}],"predecessor-version":[{"id":1945,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1941\/revisions\/1945"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}