How Buying and Selling Homes Impact The Community

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Buying or selling a home does more than just change your living situation—it has significantly positive impacts on the local economy and community. Here’s a breakdown of how these transactions ripple through the economy:

Economic Impact

According to the National Association of Realtors (NAR), selling an existing home generates about $59,900 in economic activity. This figure includes income from real estate-related jobs, spending on home-related services, and the economic multiplier effect of these expenditures. New home sales have an even greater impact, around $124,700, due to additional spending on construction and materials.

Job Creation

The housing industry is a major job creator. Robert Dietz from the National Association of Home Builders (NAHB) notes that each newly built single-family home supports three full-time jobs for a year. This is due to the variety of roles involved, from construction workers to city officials and legal professionals.

Local Boost

The process of buying or selling a home involves a range of professionals—real estate agents, contractors, inspectors, and more. Each transaction helps sustain their jobs and supports local businesses. This interconnected network means that each home sale or purchase boosts the local economy by circulating money through various sectors.

Community Benefits

Beyond the immediate economic impact, these transactions foster community growth and stability. When you move, you contribute to a more vibrant and economically active community, benefiting not just yourself but your neighbors and the broader local area.

In the end, your decision to buy or sell a home has broader implications, positively influencing the local economy and supporting numerous jobs. So, when you’re thinking about making a move, you’re not just planning for your future—you’re also contributing to the well-being of your community. If you’re ready to take the next step, reach out to me so we can set this positive cycle in motion.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.