Homeownership

So why does homeownership matter so much to people?

Studies show that homeownership has a significant and very positive impact on:

• Net worth
• Educational achievement
• Civic participation
• Health
• Overall quality of life 

In fact, according to recent stats released by the National Association of Realtors, here are some reasons why homeownership matters to people:

• Home owners are happier and healthier and enjoy a greater feeling of control of their lives.
• Owning a home is one of the best ways to build long-term wealth. Historically, a home owner’s net worth has ranged from 31 to 46 times that of a renter.
• Home owners are free to decorate, renovate and modify their homes as they wish.
• Most home owners enjoy stable housing costs – a fixed-rate mortgage payment might not change for 15 to 30 years while rent typically increases 3% a year
• Home owners can typically deduct mortgage interest and property taxes on their federal individual income tax return.

 Homeownership really does matter to people!