How a Community Benefits Financially When a Home is Sold

Did you know your community benefits financially when a home is sold in Metro Detroit? Find out how❗🏘️💰 

How a Community Benefits Financially When a Home is Sold in Metro Detroit

How a Community Benefits Financially When a Home is Sold in Metro Detroit

Suppose you’re thinking of buying or selling a house in Metro Detroit. In that case, it’s essential to know that it impacts more than just you—it also helps the local economy, and your community benefits financially. 

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 (see visual below):

The Economy Gets a Boost

When a house is sold in Metro Detroit, it really boosts the local economy.That’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 . . .”

It makes sense that housing creates many jobs because the industry involves so many different kinds of work.

Think about all the people involved with selling a house—city officials, contractors, lawyers, real estate agents, specialists, etc. Everyone has a job to do to make your deal go through. So, each transaction is a big help to those who work and live in your community.

Put simply, when you buy or sell a home in Metro Detroit, you help out your neighbors. So, when you decide to move, you’re not just meeting your own needs—you’re also doing something good for your community. Knowing your move helps so many people around you can give you a sense of empowerment as you make your decision this year.

Bottom Line

Every home sale in Metro Detroit helps the local economy. If you’re ready to move, let’s get in touch. It won’t just change your life; it’ll also do a lot of good for the whole community.

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