Homeownership

Homeownership has been a part of the American dream for as long there has been an America and the right of owning private property was first discussed by our founding fathers.  It matters not only to people who set owning a home as their lifelong goal but to communities as well.  Think about these statistics from an article from Houselogic published in February of this year.  For every two homes sold, one job is created in the United States and each purchase can generate over $60,000 of economic activity over time.

Homeownership offers many benefits that can affect communities where high percentages of homeowners reside.  Educational achievement is higher, homeowners take a more active role in their communities and the overall quality of life tends to be better.  Homeownership creates jobs from the local hardware store to the kid who cuts your grass in summer and shovels your walk each winter.

The homeownership debate has been going on for decades but not more so than in recent times.  The recent challenges facing the real estate market and mortgage industry have brought the idea of homeownership to the forefront again and the debate over the next few years will heat up even more.  Many say homeownership is overrated and we might be better off as a nation of renters but talk with any homeowner and they will tell you the benefits far outweigh any negatives those on the opposing side offer.  Homeownership is a part of our heritage, a dream most aspire to realize and last but not least the sense of pride we feel when we can call our home our own.