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June is National Homeownership Month

June is National Homeownership Month, a month to share the benefits of homeownership and brokers recommit to creating opportunities for future homeowners.

REALTORS® strive to ensure all Americans have the opportunity to achieve homeownership, the centerpiece of the American Dream and the pathway to economic well-being and intergenerational wealth-building. The White House has made a new proclamation of affirming the importance of expanding access to safe, affordable housing for everyone.

REALTORS® help the millions of Americans who want to join the nation’s 83 million property owners.

Financial security is built through homeownership. With 65.5% of Americans owning homes, the net worth of a typical homeowner is nearly 40 times the net worth of a non-owner.

According to the NAR, the total value of owner-occupied housing rose by $8.2 trillion in the last decade, and the number of middle-income homeowners increased by nearly one million. The typical homeowner has accumulated more than $200,000 in housing wealth due to price appreciation.

Recently, a historic 50-year record shortage of affordable homes available for purchase has drastically limited access to the residential real estate market.

“Enabling more households to achieve sustainable homeownership earlier in life, and maintain that ownership throughout life, is crucial to narrowing the racial homeownership and housing wealth gaps,” says the National Association of Realtors.

Homeownership is more than a financial investment. Owning your home means owning your future and a place to raise your family. Our Dickens Mitchener agents are here to help you through every step in making the biggest purchase of your life and settling you into not only your new home, but surrounding community.