AgentOwned Explains Why Buying or Selling a Home Helps the Economy and Your Community

If you're considering buying or selling a home using teh real estate experts at AgentOwned Realty or another brokerage in or around Charleston SC, it's vital to understand that your decision has a broader impact on your community.

The National Association of Realtors (NAR) annually releases a report highlighting the substantial economic activity generated by home sales. The graphic below vividly showcases this influence:

As the data illustrates, a home sale can make a substantial difference in the local economy. This impact stems largely from the workforce involved in the construction, renovation, and transaction of homes. According to Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), the housing industry significantly contributes to job creation within a community:

“The economic impact means 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, per NAHB research. . . . And one job for every $100,000 in remodeling spending.”

The substantial job creation in the housing sector is evident when you consider the various industries intertwined in the process. A recent Fortune article emphasizes the extensive connection between housing activity and the economy:

“Housing has three direct linkages to economic activity (GDP): the construction of new homes, the remodeling of existing homes, and that of housing transactions. . . . consider the activity associated with home sales – think broker fees, lawyers, etc. – which are a sizable contributor to housing’s GDP footprint.”

When you engage in a real estate transaction, you collaborate with a team of professionals, including contractors, specialists, lawyers, and city officials. Each individual plays a crucial role in facilitating the transaction.

Therefore, your involvement in the housing market is not only about meeting your personal needs but also about making a positive impact on the broader community. Recognizing this empowers you as you navigate your real estate decisions.

In Conclusion:

Every real estate transaction holds significant importance for the local economy. If you’re prepared to make a move, let's connect. Your decision won't just transform your life – it'll also have a profound positive effect on the entire community. Choose AgentOwned Realty for expert guidance in Charleston, SC's thriving real estate market.

If you’re looking for your dream home, or if you need to sell your existing home, we can certainly help, our agents are ready and able! Agent Owned is a full service brokerage that can assist you in getting pre-qualified to loan approval. We can help you with title insurance, home insurance and the warranties you need to protect your most valuable asset. At AgentOwned, we have helped thousands of people buy and sell their homes, we have been in business for over 30 years and know what it takes to get the job done right the first time. 

Each agent has access to a team of qualified professionals from attorneys to mortgage specialists and access to a knowledge base of highly experienced Brokers that can handle any situation. Find the right agent now at: https://www.agentowned.com/all-agents 

To learn more about South Carolina including schools, employment and more see: https://www.agentowned.com/moving-to-south-carolina 

If you’re interested specifically in the Greater Charleston area see: https://www.agentowned.com/moving-to-charleston-sc 

If you’re looking for information about Manning, Sumter and the Lakes Area, see: https://www.agentowned.com/moving-to-manning-sumter 

And if you’re interested in the greater Anderson area see: https://www.agentowned.com/moving-to-anderson