7801 Deercreek Club Rd., Jacksonville, FL 32256



For more information contact:
Marcia Hodgson
Communications Director
mhodgson@nefar.com
(904) 394-9144 (W) or (904) 300-5709 (C)

 

June is National Homeownership Month, which is a time when the Northeast Florida community – as well as the nation -- recognizes the value of homeownership and the positive impact it has on families, the region, and the nation’s economy. This month is the perfect time for everyone in the community to celebrate something that REALTORS® cherish all year long -- the American Dream of homeownership and the many benefits that come from of helping others to own a roof over their heads.

Although housing prices throughout the region may be at historic highs, there is no question that owning a home is one of the most secure assets an individual can attain.

“Most consumers understand that owning a home is among one of the soundest investments an individual can make in building personal wealth. However, owning a home goes beyond just being in the best interest of the homeowner. Homeownership provides social stability and helps to build a sense of community. It is a driving force for the national economy,” said Mark Rosener, president of the Northeast Florida Association of REALTORS.

Social Stability and strong communities

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,” he said.

Homeowners also tend to stay in their homes longer than renters. The money they dedicate toward home improvements often makes a difference and helps to enhance their neighborhoods. “Homeowners are often more invested in their homes and surroundings, which lead to stronger communities and increased interaction between neighbors,” Rosener said.

Economic impact

Being a homeowner can also have a positive impact on the Northeast Florida economy. Homeownership creates jobs through remodeling, landscaping, lawn service, furniture and appliances, home improvement, and real estate services. “When a home is sold, the income

generated from real estate-related industries can be more than $20,000 and additional expenditures on consumer items is about $4,500 – a boom to the economy,” said Rosener.

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,” Rosener said.

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 or to contact a REALTOR®, contact the Northeast Florida Association of REALTORS at NEFAR.com.

 

###

 

The Northeast Florida Association of Realtors (NEFAR,) serves as the voice of real estate in Northeast Florida. It is the region’s largest professional association, representing more than 11,000 members who work in all facets of the real estate industry including residential and commercial sales and property management. It serves the public through support of community affairs programs and seeks to protect private property rights. The region's multiple listing service, realMLS, is a wholly owned subsidiary of NEFAR. NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, and Palatka.