National Homeownership Month- June 2018


86 percent of current renters want to own a home in the future.
• Homeowners bring stability to neighborhoods. Homeowners move far less frequently than non-owners, and hence are embedded into the same neighborhood and community for a longer period.
• The average child of homeowners is significantly more likely to achieve a higher level of education and, thereby, a higher level of earnings.
• While both homeowners and non-owners may aspire to be engaged parents, homeowners likely live in neighborhoods with more opportunities for school involvement or participation in neighborhood activities.
• Homeowners report better physical and psychological health than the average non-owner.
• Homeowners are far less likely to become crime victims than non-owners.
• Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.

Source: National Association of REALTORS®

• The median net worth of homeowners increased 15 percent between 2013 and 2016, whereas that of renters or other non-homeowners fell 5 percent.
• The average homeowner’s net worth is 44 times that of the average renter.

Source: The Federal Reserve

• Homeownership is seen as providing more stability and control over one’s living environment.
• Homeowners are thought to be more secure than non-owners since they were not subject to landlords raising the rent or not renewing the lease.
• Fixed-rate mortgages may decrease housing costs over time relative to inflation.

Source: Joint Center for Housing Studies at Harvard University

• Purchasing a home can improve your credit score through consistent mortgage payments.
• Additionally, credit bureaus give more weight to mortgage payment history than to credit cards or other more temporary accounts.
• Rental payments may not be reported, so mortgage payments give you an extra account on your credit report.


Are YOU looking to buy?! Click HERE to get started on your home search, TODAY!

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 Keller Williams Island Life Real Estate       The Coffey Group Fine Homes International        Florida Suncoast Property Management 

206 Harbor Drive S,                                    1972 Hillview Street,                                              13801 Tamiami Trail Suite A, 

Venice, FL                                                   Sarasota, FL                                                           North Port, FL

34285                                                          34239                                                                    34287

                                                                                                                                                                                                                                                                                          4125 Lakewood Ranch Blvd,

Bradenton, FL


13801 Tamiami Trail Suite A,

North Port, FL