Real Estate Watch – Berkshire Hathaway
Benefits of Homeownership
We are all aware that there are countless benefits to being a homeowner. NAR Chief Economist Lawrence Yun and Research Economist Nadia Evangelou have a new research paper in The Journal of the Center for Real Estate Studies. This was an extensive study and C.A.R Market Matters was able to highlight the key items in the study. We feel it is important to share some of the findings with you.
In the health aspect of the study, it shows that homeowners’ children are happier and healthier, and that the actual homeowner’s mental and physical health moves in a positive direction when we are in a stable housing market.
Regarding crime, the study showed neighborhoods with stable housing options are more likely to have a lower crime rate than areas with less stable housing options, regardless of the ownership structure.
The findings also showed that homeowners accrue more wealth, save more money, and become more involved in the community. They are more likely to participate in local elections and civic groups.
These are just a few of the items discussed in this research paper. If you would like to read the research paper in its entirety, please feel free to give us a call. We are always available to help! Ranked as the #2 team in the Carlsbad Berkshire Hathaway HomeServices California Properties office, we are your first and only call for all of your real estate needs.
Glenn Holtz & Tanya Gabriella
An independently owned and operated franchisee of BHH Affiliates, LLC.