June is National Homeownership Month, when we promote the benefits of homeownership and recommit to creating opportunities for future homeowners.
REALTORS® strive to ensure all Americans have the opportunity to achieve homeownership, the centerpiece of the American Dream and the pathway to economic well-being and intergenerational wealth-building.
NAR applauds the White House for marking National Homeownership Month with a new proclamation affirming the importance of expanding access to safe, affordable housing.
Hot or Not? Unpacking Today’s Housing Market
On Tuesday, June 21, Dr. Jessica Lautz, NAR’s vice president of demographics and behavioral insights, offered an exclusive Homeownership Month briefing for Members of Congress and staff. The latest trends and original data on the current state of the housing market is included with the session recording below and supporting materials.
Download Dr. Jessica Lautz’ presentation (PDF: 1.39 MB)
NAR’s Commitment to Expanding Homeownership
During Homeownership Month, NAR is sharing how REALTORS® help the millions of Americans who aspire to join the nation’s 83 million property owners.
Homeownership builds financial security. With 65.5% of Americans owning homes, the net worth of a typical homeowner is nearly 40 times the net worth of a non-owner.
The total value of owner-occupied housing rose by $8.2 trillion in the last decade, and the number of middle-income homeowners increased by nearly one million. The typical homeowner has accumulated more than $200,000 in housing wealth due to price appreciation.
However, a historic 50-year record shortage of affordable homes available for purchase has severely limited access to the residential real estate market.
Enabling more households to achieve sustainable homeownership earlier in life, and maintain that ownership throughout life, is crucial to narrowing the racial homeownership and housing wealth gaps.