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

If you’re thinking about buying or selling a house in Sparta, it’s important to know that it doesn’t just affect your life, but also your community.

Economic Activity Generated By Home Sales

The National Association of Realtors (NAR) releases a report every year to show how much economic activity is generated by home sales. When a house is sold in Sussex County, it can make a big difference to the Sparta local economy. The impact comes largely from the workers required to build, update, and buy and sell homes. The housing industry adds jobs to a community because of all the jobs it creates. In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year! For every $100,000 in remodeling spending, a full-time job is created. When you buy, sell, or renovate homes in NJ, you’re helping your neighbors!

Home Sales in Sparta Spur Many Industries

Housing being a major job creator makes sense when you consider there are many different industries involved in the process. Housing activity and home sales in NJ could have a more robust impact than you think due to the many ways they are tied to the economy. This includes the construction of new homes, the remodeling of existing homes, and the economic activity associated with housing transactions—think broker fees, lawyers, etc.—all of which are a sizable contributor to housing’s GDP footprint.

Your Home Buying Team in NJ

When you buy or sell a home in Sparta, you work with a team of professionals, including real estate agents, contractors, specialists, lawyers, and city officials. Each person plays a role in making the transaction happen. So, when you make a move in the housing market, you’re not just meeting your own needs, you’re also making a positive impact on the community. Knowing this can give you a sense of empowerment as you make your decision this year.
Each and every home sale in Sparta is important for the local economy. If you’re ready to move, connect with a local real estate agent in NJ. It won’t just change your life – it’ll also have a strong positive effect on the whole community.