What kind of benefits do owning a home and stable housing offer?

Education

• Findings show that homeownership has a significant positive impact on educational achievement.
• Children of homeowners tend to have higher levels of achievement in math and reading, and lower drop-out rates.

Civic Engagement

• Homeowners tend to be more involved in their communities than renters.
• Homeowners are likely to participate in local elections, civic groups and neighborhood groups.

Health

• Homeowners and children of homeowners are generally happier and healthier than non-owners.
• The wealth building effect of homeownership and the sense of control it provides to homeowners in a stable housing market positively affect homeowners' mental and physical health.

Crime

• There is a lower crime rate among homeowners and people living in a stable housing environment.
• A stable neighborhood, independent of ownership structure, is also likely to reduce crime.

For more information visit:  economistsoutlook.blogs.realtor.org/2017/10/24/highlights-from-social-benefits-of-homeownership-and-stable-housing/