Home Ownership Matters
Home ownership has a significant impact on net worth, educational achievement, civic participation, health, and overall quality of life. And, home ownership helps create jobs—lots of them—right here at home.
Owning your own home is not only beneficial to you; it also helps create jobs and stimulate the economy. Image: Veer
Home Ownership matters…to people, to communities, and to America. Why?
- For every two homes sold, one job is created in the U.S.
- Each purchase generates as much as $60,000 in economic activity over time.
The home ownership debate
Some who care about creating jobs also argue that home ownership may be overrated, and that we might be better off as a nation of renters.
If that’s of concern to you, follow the debate about federal government incentives to home ownership—the outcome of which will determine whether the average American can still get an affordable mortgage and whether home owners can continue to deduct their mortgage interest as a benefit of home ownership.
- Stay in the know on this debate by subscribing to the HouseLogic newsletter and following us on Facebook and Twitter. Sign up in the “Stay Connected” box at the top of this page.
- Read about the issues affecting you as a home owner right now:
It Pays to Support Responsible Home Ownership
Protect your home’s value and build stronger communities.
Protect your home’s value and build stronger communities.
Home Ownership Matters Bus Tour Hits the Road
The Home Ownership Matters bus tour, sponsored by the NATIONAL ASSOCIATION OF REALTORS®, is revving up to celebrate the benefits of home ownership with you.
The Home Ownership Matters bus tour, sponsored by the NATIONAL ASSOCIATION OF REALTORS®, is revving up to celebrate the benefits of home ownership with you.
How Fannie Mae, Freddie Mac Save You Money
Home owners who use Fannie Mae and Freddie Mac mortgages save thousands of dollars in interest payments each year.
Show Your Support for FHA
FHA supports home values by providing a steady source of mortgage financing for families across the country, but critics worry it has taken on too much risk.
Home owners who use Fannie Mae and Freddie Mac mortgages save thousands of dollars in interest payments each year.
Show Your Support for FHA
FHA supports home values by providing a steady source of mortgage financing for families across the country, but critics worry it has taken on too much risk.
Mortgage deduction
Your Mortgage Deduction: Turn Tax Savings into Home Value
Sock away your mortgage deduction tax savings, and you’ll have a nice cushion for life’s necessities—and a few luxuries. Here’s how a typical household might spend their tax savings at various life stages.
Sock away your mortgage deduction tax savings, and you’ll have a nice cushion for life’s necessities—and a few luxuries. Here’s how a typical household might spend their tax savings at various life stages.
7 Mortgage Interest Deduction Myths
Think losing the mortgage interest deduction would be no big deal? We bust seven myths to show why the cost is bigger than you think.
Think losing the mortgage interest deduction would be no big deal? We bust seven myths to show why the cost is bigger than you think.
Mortgage Interest Deduction Vital to Housing Market
The mortgage deduction saves the average home owner thousands of dollars at tax time, supports home values at the community level, and helps American home buyers get into their first house.
Deduct Mortgage Interest and Home Equity Loans
Deducting mortgage interest, as well as interest on home equity loans and HELOCs, can save you money on taxes.
MID app
Estimate your tax savings based on the mortgage interest deduction.
The mortgage deduction saves the average home owner thousands of dollars at tax time, supports home values at the community level, and helps American home buyers get into their first house.
Deduct Mortgage Interest and Home Equity Loans
Deducting mortgage interest, as well as interest on home equity loans and HELOCs, can save you money on taxes.
MID app
Estimate your tax savings based on the mortgage interest deduction.
- I am purchasing my first home in Jan 2012 and am very excited. We have wanted to own a home for years, but were never able to do it. We've finally saved up money for our down payment and the interest rates are super low! Very excited and interested in learning all I can about home ownership and what's involved. We referred to this website to get the value of the house we are buying and can see that if we'd have purchased the house 12 months ago it's value was $30,000 more, making it out of reach for us. http://bit.ly/rM1xoV From what I can tell, the housing market is correcting itself.
Posted by Jennifer on December 27, 2011
- DO YOUR HOME WORK BEFORE BUYING. The MLS gives realtors the ability to give their own opinion of sf of homes, very deceptive if listed as 1200 sf but on the tax assessors records its 944 sf. Larger homes sell for more money which creates unreliable inflated home sales for marketing comparisons which will again result in inflated appraisals due to the Realtor found additional sf not being reported to be taxed appropriately. Tax records will remain at the lower sf. Gone will be fair market analysis once again. If you feel you are being deceived or find that on tax assessor records the sf is less than what is advertised, make sure you mention this in your call to potentially initiate an investigation. Perhaps, Sellers will have to explain why renovations were not reported. Another thing Realtors are not telling people regarding current tax payments is if the taxes on homes are discounted due to elderly, disability, veteran status. Call the tax assessor and ask if taxes are discounted so you, like I experienced, do not find yourself in budget shock once that discounted rate ends due to the seller discount ending. Realtors should be required to report the additional FOUND sf. Due to owners not obtaining proper permits to do renovations and then once you buy, through assessments (our City just had assessment done with people coming to view the homes) you again may face budget shock. SF will be found meaning you pay the taxes the deceptive homeowners never reported to assessors. If Realtors continue to be allowed this deception our country is in for another round of over-inflated appraisals. Did we not learn our lesson yet, our economy has suffered enough due to this practice
Posted by fdsaf on December 09, 2011
- Thanks for your comment. Each home sale contributes about $60,000 to the economy, contributing to such diverse industries as furniture, gardening, and home improvement. This stimulus contributes to job growth. For more info: http://www.realtor.org/statsanddata/homeownership/job_impact_purchase
Posted by HouseLogic on August 19, 2011
- Exactly how does selling 2 homes create 1 job? In order to purchase a home you need a job. Here in the USA jobs a scarce. Still trying to wrap my brain around the every 2 homes sold = 1 job. I guess it's like the food stamps. Food stamps = jobs too....
Posted by Pam on August 18, 2011
- Thanks for your comments. It's always good for buyers to ask lots of questions when shopping for a home. Keep in mind that not all real estate agents are REALTORS®; REALTORS® subscribe to a strict code of ethics.
Posted by HouseLogic on June 29, 2011
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