{"id":12402,"date":"2017-10-27T15:40:14","date_gmt":"2017-10-27T15:40:14","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12402"},"modified":"2017-10-27T15:40:15","modified_gmt":"2017-10-27T15:40:15","slug":"social-benefits-home-ownership","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/social-benefits-home-ownership\/","title":{"rendered":"Social Benefits of Home ownership"},"content":{"rendered":"

Social Benefits of Home ownership<\/h1>\n
\"Social<\/a>

Social Benefits of Home ownership<\/p><\/div>\n

<\/strong><\/p>\n

Improved educational performance, higher civic participation, lower crime rates, and improved health remain the biggest social benefits linked to home ownership, according to a new research paper by NAR\u00a0Chief Economist Lawrence Yun and research economist Nadia Evangelou, which appears in The Journal of the Center for Real Estate Studies.\u00a0<\/em>Some\u00a0findings from the latest research cited in the paper include:<\/p>\n

Health.<\/strong>\u00a0Children of homeowners tend to be happier and healthier than children of nonowners, even after factoring in income and education levels. More recently, studies have found the wealth-building effect of home ownership and the sense of control it often brings in a stable housing market can positively affect homeowners\u2019 mental and physical health. On the other hand, some studies suggest that areas where housing distress is high tend to see greater rates of mental health and stress-related health diagnoses among residents.<\/p>\n

Crime.<\/strong>\u00a0Research has confirmed homeowners have a lower instance of involvement in crime than nonowners. Also, neighborhoods with stable housing options\u2014regardless of ownership structure\u2014are more likely to have lower crime rates. Some studies have found, however, that foreclosure levels do influence burglary and violent crime rates.<\/p>\n

Education.<\/strong>\u00a0Researchers have found homeowners tend to accrue more wealth and save more money\u2014such financial practices are associated with lower rates of homeowners\u2019 children dropping out of school.<\/p>\n

Civic engagement.<\/strong>\u00a0Home ownership and residential stability continues to be linked with an increased likelihood of electoral participation. Homeowners remain more likely to participate in local elections and civic groups than renters, the paper states.<\/p>\n

\u201cOwning a home embodies the promise of individual autonomy and is the aspiration of most American households,\u201d the researchers note. \u201cHome ownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family, and civic outcomes.\u201d<\/p>\n

Source: \u201cSocial Benefits of Home ownership and Stable Housing,\u201d The Journal of the Center for Real Estate Studies (2017)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Social Benefits of Home ownership Improved educational performance, higher civic participation, lower crime rates, and improved health remain the biggest social benefits linked to home ownership, according to a new research paper by NAR\u00a0Chief Economist Lawrence Yun and research economist Nadia Evangelou, which appears in The Journal of the Center for Real Estate Studies.\u00a0Some\u00a0findings from … <\/p>\n

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