A new NAR research report demonstrates a correlation between homeownership and social benefits for both families and the community at large. According to the research detailed in the report, The Social Benefits of Homeownership and Stable Housing, homeownership boosts the educational performance of children, encourages higher participation in civic and volunteering activity, improves health care outcomes, lowers crime rates and reduces welfare dependency.
The research also revealed that most American households still aspire to homeownership, which helps families to accumulate wealth as well as social status.
To read the full report, visit www.realtor.org/research/research/homeownershipbenefits
Ask a Prudential Waterfront Properties Realtor® to identify popular communities in the Smith Mountain Lake area so of which include The Water’s Edge, The Waterfront or The Boardwalk to name a few. A Prudential Waterfront Properties Realtor® has access to homeownership rates in those communities (and many others) to levels of community involvement, neighborhood amenities, and educational opportunities.