{"id":22346,"date":"2023-06-16T14:48:55","date_gmt":"2023-06-16T14:48:55","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=22346"},"modified":"2023-06-16T14:48:59","modified_gmt":"2023-06-16T14:48:59","slug":"help-amplify-the-message-that-home-ownership-is-a-win","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/help-amplify-the-message-that-home-ownership-is-a-win\/","title":{"rendered":"Help Amplify the Message That Home ownership Is a Win"},"content":{"rendered":"\n

Here\u2019s how you can help spread the word about the benefits of owning a home and support advocacy efforts to expand housing access.<\/p>\n\n\n\n

Homeownership is a financial windfall for most households, with homeowner wealth soaring 40 times higher than renters<\/a>. Over the last decade, most owners have earned more than $100,000 in equity, according to research from the National Association of REALTORS\u00ae. Homeownership has long been a primary avenue for building generational wealth and is a crucial component to closing the racial wealth gap in America.<\/p>\n\n\n\n

As June marks National Homeownership Month<\/a>, real estate professionals, brokerages, REALTOR\u00ae associations and lawmakers are promoting the benefits of homeownership while also spotlighting the work that still needs to be done. To help in this endeavor, NAR has launched a Homeownership Month toolkit<\/a>. \u201cHomeownership is the centerpiece of the American Dream and the best way to build financial security,\u201d says NAR President Kenny Parcell. \u201cREALTORS\u00ae strive to ensure all Americans have the opportunity to achieve homeownership, but prospective buyers face more barriers now than ever before. We continue to work with policymakers and industry partners to bring relief for buyers and put homeownership in reach for more people.\u201d<\/p>\n\n\n\n

President Joe Biden issued a proclamation(link is external)<\/a> saying the month of June is a time to recognize the benefits of owning a home, such as building roots in a community, gaining equity and passing down generational wealth. The Department of Housing and Urban Development has launched a campaign, \u201cMake Home the Goal(link is external)<\/a>,\u201d to commemorate the month. The department will hold a free event this Saturday on the National Mall in Washington, D.C., to provide information to aspiring home buyers about housing counseling, financial education, down payment assistance and FHA mortgages. \u201cI want everyone in this country who desires to own a home of their own to have access to the resources and tools they need,\u201d HUD Secretary Marcia Fudge said in a statement.<\/p>\n\n\n\n

Despite recent economic turbulence, Americans still have a strong desire to own a home. Fifty-eight percent of people who have never owned before say they are likely to purchase in the next 12 months, according to a new Chase survey of about 2,000 respondents. Seventy percent still see homeownership as an important step to building wealth, the survey shows.<\/p>\n\n\n\n

What You Can Do<\/h2>\n\n\n\n

Here are some ways real estate pros can commemorate National Homeownership Month.<\/p>\n\n\n\n

1. Spread the message.<\/strong> NAR\u2019s toolkit offers graphics you can download and use on social media or as email headers to show your support. Use the free Photofy app(link is external)<\/a> to personalize your graphics.<\/p>\n\n\n\n

2. Advocate for homeownership. <\/strong>You can take part in a number of NAR advocacy efforts to support homeownership, whether it\u2019s about financing, affordable housing or fair housing. For example, in a recent column(link is external)<\/a> for The American Genius<\/em>, NAR CEO Bob Goldberg shared how Atlanta REALTORS\u00ae Immediate Past President Karen Hatcher advocates for fair and affordable housing opportunities in her community. Last year, she was appointed as cochair of the Homeownership Working Group for HouseATL, which is the first local pilot program of the nationwide \u201c3 by 30(link is external)<\/a>\u201d initiative to cultivate 3 million new Black homeowners by 2030. NAR serves as a founding member of the initiative, which was launched by the Black Homeownership Collaborative. Real estate professionals also are approaching city or state leaders to advocate for issues like zoning changes, affordable housing development and down payment assistance to enable more people to become homeowners.<\/p>\n\n\n\n

3. Spark conversations.<\/strong> NAR\u2019s research team releases studies throughout the year that collects homeownership data and addresses homeownership gaps and where progress can be made. Real estate pros can use the studies to raise conversations about homeownership. Here are just a few NAR has released over the past year:<\/p>\n\n\n\n