June is National Homeownership Month

Amanda Hicks
Posted by Amanda Hicks
Updated on
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Published in Local News

June is National Homeownership Month, a time when the U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) acknowledge the importance homeownership and its impact on our families, neighborhoods overall economy.

"Homeownership serves as an enduring symbol of security and prosperity, and it provides many Americans with a legacy they can pass down to their children and grandchildren," said HUD Secretary Ben Carson, "During National Homeownership Month, we recognize the abiding value of owning a home, and we rededicate ourselves toward helping hard-working families to find their place in the American dream."

This year's theme is "Find Your Place" and the HUD encourages families to recognize that homeownership has always been an important part of achieving the American dream. Along with family well-being, homeownership expands household wealth.

Here are some facts about homeownership from the Florida Association of Realtors:

  • The median net worth of a homeowner is 36 times greater than that of a renter.
  • Homeowners build community networks and support systems easier than renters as they don't have to move nearly as frequently.
  • Children of families who own their homes are more likely to graduate high school and earn a higher income later on.

Since 1934, more than 47 million households bought a house with FHA mortgage loans. When the market crashed 10 years ago, the FHA kept affordable mortgage financing available for millions of people and today we see home sales back to pre-crisis levels and prices going up across the country. 

Take a step towards homeownership during National Homeownership Month. Start by finding out buyer information from Waterfront Properties and use our customizable search tool to see your future home options. 

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