{"id":5542,"date":"2025-03-20T10:30:00","date_gmt":"2025-03-20T10:30:00","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2025\/03\/20\/how-buying-or-selling-a-home-helps-your-local-economy\/"},"modified":"2025-03-20T10:30:00","modified_gmt":"2025-03-20T10:30:00","slug":"how-buying-or-selling-a-home-helps-your-local-economy","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2025\/03\/20\/how-buying-or-selling-a-home-helps-your-local-economy\/","title":{"rendered":"How Buying or Selling a Home Helps Your Local Economy"},"content":{"rendered":"<body>\n<div><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2025\/03\/20250320-How-Buying-or-Selling-a-Home-Helps-Your-Local-Economy-original.png?w=1220&#038;ssl=1\" alt=\"How Buying or Selling a Home Helps Your Local Economy Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear: both; max-width: 100%;\">\n<p>Whether you\u2019re <a href=\"https:\/\/www.simplifyingthemarket.com\/2025\/02\/24\/how-to-buy-a-home-without-waiting-for-lower-rates\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\" rel=\"noopener noreferrer\" target=\"_blank\">buying<\/a> or <a href=\"https:\/\/www.simplifyingthemarket.com\/2025\/03\/04\/more-buyers-are-making-moves-is-it-time-to-sell\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\" rel=\"noopener noreferrer\" target=\"_blank\">selling<\/a> a house, here\u2019s something to think about that most people don\u2019t. Your decision doesn\u2019t just impact your life and your family\u2019s, it sparks a ripple effect that has a positive impact on your entire community.<\/p>\n<p>Every year, the <em>National Association of Realtors<\/em> (NAR) puts out a <a href=\"https:\/\/www.nar.realtor\/sites\/default\/files\/2025-01\/2025-state-economic-impact-of-real-estate-activity-report-us-01-29-2025.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">report<\/a> that breaks down the financial impact that comes from people buying and selling homes. <\/p>\n<p>The data shows that if you buy an existing (previously lived-in) home, you\u2019re 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 (<em>see visual below<\/em>):<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2025\/03\/20250320-The-Economic-Impact-of-a-Typical-Home-Sale-original.png?ssl=1\" rel=\"noopener noreferrer\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2025\/03\/20250320-The-Economic-Impact-of-a-Typical-Home-Sale-original.png?w=1220&#038;ssl=1\" alt=\"a graph of a home sale\" loading=\"lazy\"><\/a>That\u2019s because of all the people needed to <a href=\"https:\/\/www.simplifyingthemarket.com\/2025\/03\/03\/is-a-newly-built-home-right-for-you-the-pros-and-cons\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\" rel=\"noopener noreferrer\" target=\"_blank\">build<\/a>, fix up, and sell homes. Robert Dietz, Chief Economist at the <em>National Association of Home Builders<\/em> (NAHB), explains how the housing industry adds jobs to a community:<\/p>\n<blockquote><p><em>\u201c. . . 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 . . .\u201d<\/em><\/p><\/blockquote>\n<p>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.<\/p>\n<p>Put simply, when you <a href=\"https:\/\/www.simplifyingthemarket.com\/2025\/02\/18\/buying-a-home-may-help-shield-you-from-inflation\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\" rel=\"noopener noreferrer\" target=\"_blank\">buy<\/a> or sell a home, you\u2019re helping out your neighbors. So, your decision to move doesn\u2019t just meet your needs; it supports their families, strengthens your town, and shapes the future of your community. <\/p>\n<p>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.<\/p>\n<h3>Bottom Line<\/h3>\n<p>Moving isn\u2019t just a personal milestone \u2013 it\u2019s an investment in your community, too. If you\u2019re ready to make a move, connect with a local real estate agent. You\u2019ll make a difference for more people than you know.<\/p>\n<p><strong>What\u2019s most important to you as you prepare to buy or sell your house this year?<\/strong><\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re buying or selling a house, here\u2019s something to think about that most people don\u2019t. Your decision doesn\u2019t just impact your life and your family\u2019s, 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5543,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-5542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2025\/03\/20250320-How-Buying-or-Selling-a-Home-Helps-Your-Local-Economy-original.png?fit=750%2C410&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdz2Zu-1ro","_links":{"self":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/comments?post=5542"}],"version-history":[{"count":0,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media\/5543"}],"wp:attachment":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media?parent=5542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/categories?post=5542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/tags?post=5542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}