by Susan Ackerson
For those who are ready and able to make homeownership a commitment, there are great benefits, both social and financial, of owning a home. In all the recent debate about the value of homeownership in America today, the National Association of Realtors® advocates responsible, sustainable homeownership.
Research has consistently shown the importance of the housing sector on the economy and the long-term social and financial benefits to individual homeowners. The economic benefits of the housing market and homeownership are immense and well documented. The housing sector directly accounted for approximately 14 percent of total economic activity in 2009. Household real estate holdings totaled $16.5 trillion in the first quarter of 2010. After subtracting mortgage liabilities, net real estate household equity totaled $6.3 trillion.
In addition to tangible financial benefits, homeownership brings substantial social benefits for families, communities, and the country as a whole. Because of these societal benefits, policy makers have promoted homeownership through a number of channels. Homeownership has been an essential element of the American Dream for decades and continues to be so even today.
“Make homeownership on Marco Island your dream,” said Susan Ackerson, President, Marco Island Area Association of Realtors. “Discover our island paradise and see why it is a great time to buy Marco Island real estate.”