Homeownership matters to individuals, families, communities and the nation’s economy.
REALTORS know that homeownership is an investment in your future. Do you? From building personal wealth over the long term to fostering communities, strengthening social stability and driving the national economy, the value of homeownership is indisputable.
There’s a reason homeownership is called the American Dream. Home is where we make memories, build our futures, and feel comfortable and secure.
REALTORS believe that anyone who is able and willing to assume the responsibilities of owning a home should have the opportunity to pursue that dream in a safe, responsible way.
Owning a home has long-standing government support in this country, which is why the country needs public policies that promote responsible, sustainable homeownership; any changes to current programs or incentives should not hinder housing and economic activity.
In addition, studies show that Americans overwhelmingly believe owning a home is a good financial decision, and a majority of renters say homeownership is one of their highest priorities for the future.
It makes sense for people to consider homeownership over renting. After all, a fixed-rate mortgage might last 15 to 30 years; rents have been rising above inflation for several consecutive years.
Homeownership strengthens communities as homeowners are more likely to be involved and engaged in local issues and rooted in the community since they move less frequently than renters. This helps prevent crime, improve childhood education and support neighborhood upkeep.
Issues like the mortgage interest deduction, affordable financing and access to credit don’t just affect people who own a home – homeownership shapes communities and strengthens the nation’s economy.
Home sales in this country support more than 2.5 million private-sector jobs in an average year. For every two homes sold, a job is created.
Owning a home is one of the best ways to build financial security over the long term, providing both equity accumulation and tax benefits over time.
And remember to contact a REALTOR, a member of the (Name) Board of REALTORS for all of your real estate needs.