Why Homeownership Matters

 

 Photo by Aubrey Rose Odom on Unsplash

Why Homeownership Matters

 

June marks National Homeownership Month, which recognizes the value of homeownership and its positive impact on families, communities and the nation’s economy. This month allows a time to celebrate and promote the American Dream of homeownership and identify the many benefits of owning that roof over your head.

“Most consumers know that homeownership is among the most sound investments an individual can make to begin building their personal wealth. However, owning a home is not just in the best interest of the homeowner. Homeownership provides social stability, builds communities and is a driving force for the national economy,” said Antoinette DeRose William Raveis Real Estate Chappaqua Brokerage .

Below are some of the benefits of reaching the American Dream:

Social stability: Improved educational performance, lower crime rates and improved health are a few social benefits linked to homeownership. “Homeownership allows households to accumulate wealth, which opens doors to more engagement in communities through volunteer work, involvement in social activities and electoral participation,” said DeRose.

Strong communities: Homeowners tend to stay in their homes longer than renters, dedicate more money to improve their home and are more engaged in enhancing their community. “Homeowners are often more invested in their home and their surroundings, which leads to stronger neighborhoods and communities and increased interaction between neighbors,” said DeRose.

Economic force: Being a homeowner also has a positive local and national economic impact. That is because homeownership creates jobs through remodeling, landscaping, lawn service, furniture and appliances, home improvement and real estate services. “When a home is sold in the United States, the income generated from real estate-related industries is over $20,000 and additional expenditures on consumer items is about $4,500 – a boom to the economy,” said DeRose.

Brings families together: Along with being more involved in their communities, homeowners are often active and connected to their own families. Family dinners and game nights at home could mean a more-connected, happier family.

“Home is where people make memories and feel comfortable and secure. Homeownership Month is an opportunity to reiterate that anyone who is able and willing to assume the responsibilities of owning a home should have the opportunity to pursue that dream and enjoy the many benefits that come along with it,” said DeRose.

Consumers can learn more about National Homeownership Month and keep up with housing-related tips, news, stories and policy issues through Homeownership Matters: https://homeownershipmatters.realtor/ and HouseLogic: https://www.houselogic.com/. 

For more information about buying or selling a home, contact Antoinette DeRose or visit WestchesterTrending.com to speak with a Realtor^Ò, a member of the National Association of Realtors^®. 

If you’re thinking of Buying a home in Westchester NY contact Real Estate Expert www.AntoinetteDeRose.com for more information.

ANTOINETTE DEROSE
Real Estate Salesperson
Chappaqua Brokerage Office
(914) 263-8971

#TopProducer #ChappaquaRealEstate #ChappaquaRealtor #ChappaquaBrokerage #PleasantvilleNYRealEstate
#WestchesterNYRealEstate #WestchesterNYRealtor

Optimistic about the Westchester NY Real Estate Market in 2013

www.antoinettederose.com

From John Burns Real Estate Consulting: "Assuming our leaders in DC come to some sort of agreement that keeps the economy growing and interest rates low, which seems like the most reasonable assumption, here is what will happen,"

• Investors: Investors and, yes, even flippers will continue to grow in numbers as they realize housing is the best risk-adjusted return on their money.
• Boomerang buyers: Foreclosed homeowners, who are currently renting homes, will come back in droves. In Phoenix, they are paying $1,300 in rent for a home whose mortgage payment would be $1,000. That situation is not sustainable. The Federal Housing Administration and Department of Veterans Affairs have low down payment programs with insurance premiums that push rates near 5.0%. Those payments are still very affordable.
• Entry-level buyers: First-time homeowners, who have been sitting on the sidelines waiting for a sign of the bottom, will hear about price increases in their desired neighborhood and rush to become homeowners.
• Move-down buyers: Empty nesters and retirees, who have plenty of equity in their existing home, will buy a home that is more suitable to their current lifestyle, which may or may not include adult children as well as their aging parents.
• Moveup buyers: The price appreciation that occurred in the last year has already lifted 1 million underwater homeowners above water with future price appreciation to lift them even more.

All good signs.

Briarcliff Manor NY Real Estate Market

Search for property in Briarcliff Manor New York 
Briarcliff Manor NY Real Estate Agent Antoinette DeRose

www.antoinettederose.com

Briarcliff Manor NY Real Estate - Search Home for Sale in Briarcliff Manor NY