In August of 2010 the National Association of Realtors released a research study highlighting some of the social benefits of homeownership.
Their list included:
- Homeownership stabilizes neighborhoods.
- Homeowners are more likely to participate civically.
- Homeownership produces higher life satisfaction.
- Homeownership fosters less neighbor crime.
- Homeownership and housing stability lower teenage pregnancy and public assistance.
- Homeownership fosters quality property maintenance and improvement.
Most recently the NAR released these timely reminders:
“Good jobs enable people to achieve the American dream of home ownership. And every time a house is built, bought, or sold, jobs are created-lots of them-right here at home.”
- Home sales in this country generate more than 2.5 million private-sector jobs in an average year. For every two homes sold, a job is created.
- Each home sale touches 80 different occupations.
- Every home purchased pumps up to $60,000 into the economy over time for furniture, home improvements, and related items.
- Housing accounts for more than 15% of the Gross Domestic Product, making it a key driver in our national economy.
- Housing has led this country out of six of the last eight recessions.
“America needs jobs. Housing creates jobs. That’s one of the many reasons home ownership matters to people, to communities, to America.”
“Strong federal government support of home ownership equals strong support for American jobs. We urge the Obama Administration and the U.S. Congress—as they debate the new federal budget and reform proposals for the nation’s mortgage finance system—to continue federal support for home ownership.”
“Jobs and Home Ownership. You can’t have one without the other.”