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How Buying or Selling a Home Boosts Your Local Community

If you’re thinking of buying or selling a house, it’s important to know it doesn’t just impact you—it helps out the local economy and your community, too.

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):

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Are you considering buying or selling a home in the Capital Region or Hudson Valley of New York? You might be surprised to learn just how much of an impact your decision can have on the community around you. At CORE, we believe that real estate transactions aren’t just about the houses themselves—they’re about building and supporting thriving communities. Here’s how buying or selling a home can benefit your local area:

  1. Economic Growth: Real estate transactions stimulate economic activity in the community. When you buy a home, you’re not just investing in your own future; you’re also contributing to the local economy by supporting businesses and creating jobs. Similarly, when you sell a home, you’re freeing up capital that can be reinvested in the community, further fueling economic growth.
  2. Property Values: The health of the real estate market directly impacts property values in the area. When more homes are bought and sold, it creates a more robust market, which can lead to increased property values for homeowners. This benefits the entire community by providing homeowners with more equity and increasing the tax base, which supports essential public services like schools and infrastructure.
  3. Community Development: Buying or selling a home can also drive community development initiatives. New homeowners often become more involved in local organizations and initiatives, leading to stronger social connections and a greater sense of community pride. Additionally, real estate transactions can attract investment in local amenities and infrastructure, further enhancing the quality of life for residents.
  4. Diversity and Inclusion: Real estate transactions play a crucial role in promoting diversity and inclusion within communities. When people from diverse backgrounds buy and sell homes in an area, it creates a more vibrant and inclusive community where everyone feels welcome and valued. This diversity enriches the fabric of the community and fosters a culture of acceptance and understanding.
  5. Environmental Impact: Finally, real estate transactions can have a positive environmental impact. Newer homes are often built with energy-efficient features that reduce carbon emissions and lower utility costs. Additionally, when older homes are sold, it creates opportunities for renovations and updates that can improve energy efficiency and sustainability.

Every time a home is sold, it really helps out 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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