The Value of Home Ownership

Home ownership: it's the American dream, settling in, putting down roots, and becoming part of a community.

But home ownership also represents one of the safest, most solid investments you can make- yielding immediate benefits and long-term value. Home owners accumulate wealth for the future while enjoying the benefits of a shelter they can use, improve and sell. A home is the basis for positive community involvement and fosters participation in democratic institutions.

According to data from the Federal Reserve Board, a home owner's net worth is 46 times that of a renter. And home ownership remains affordable for many. More than two in every three households in America own their own homes (U.S. Census Bureau, 2008 data).
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Source: Real Estate Trends Fall 2008