Homeownership is an investment that has consistently, on a long-term basis, shown a positive return.

Homeownership creates a positive environment for families. Children of homeowners are 59% more likely to become homeowners. Their children are also 25% more likely to graduate from high school and 100% more likely to graduate from college,

Homeownership fosters community involvement and pride in a neighborhood. Owners are 28% more likely to improve their home and 10% more likely to participate in solving local problems in the neighborhood.

Homeownership brings family stability. Owners typically stay in their home 12 years whereas renters stay no more than three years. (U.S. Census American Housing Surveys).

Homeownership builds equity and wealth, which allows you to plan for future goals like your child’s education or your retirement. The median net worth of most modest-income homeowners is $60,000 compared to less than $10,000 for renters in the same income group (source: The Federal Reserve Board – Survey of Consumer Finance).

Homeownership provides tax benefits. The typical homeowner that pays a $1,000 mortgage payment will realize a tax savings of about $120 each month.