Did you know that June is National Homeownership month?

Here are a few great Reasons to buy a home:


*Homeownership can improve the physical, mental, and financial well-being of the owner.
Homeowners experience a multitude of personal benefits following the purchase of their home. For example, research shows that both psychological and physical health is greater for homeowners, and indicates that a strong sense of overall satisfaction with life might be part of the reason. Achieving a goal one has set is important, and contributes to a feeling of self-efficacy. That translates to greater happiness and a can-do attitude that positively affects how one handles mental and physical challenges

*Homeownership can improve children’s home life and academic achievements
Children are positively affected in their home lives, personal lives, and academics when their parents own the residence. Researchers say homeownership creates a better environment for children, because it fosters emotional support and a stable, safe housing situation. The stable nature of the home in particular is linked to the improved educational outcomes of homeowners’ kids; compared to the children of renters, these students have math scores that are 9% higher, reading achievement that’s 7% higher, and behavioral problems at school are 1-3% lower.[1][3] Additionally, the children of homeowners are 25% more likely to purchase their own home one day, allowing them to achieve the physical, psychological, and wealth accumulation benefits previously mentioned for adults.

*Homeownership can increase community involvement.
Another way homeownership affects the community is through involvement. People who are invested in the area in which they live are more likely to participate in efforts to improve that community. Research shows that homeowners are more likely than other area residents to volunteer with local organizations, and be involved in local political activity[1][5].
Owning a home has immediate and long-term benefits for both the family and the community. That’s why so many good people work tirelessly to make this dream possible for a new generation of Americans, and why we are proud to support them in their efforts.

In short:
*Homeownership is a commitment to strengthening families and good citizenship.
*Homeownership enables people to have greater control and exercise more responsibility over their living environment.
*Homeownership is a commitment to community.
*Homeownership helps stabilize neighborhoods and strengthen communities.
*It creates important local and individual incentives for maintaining and improving private property and public spaces.