June 1st, 2015 kicks off National Homeownership Month! This year, "Preserving The Dream" is the theme for the month-long recognition of the importance home ownership plays in American life, in American communities, and in the American economy.
“Homeownership Month" is a time to reaffirm the important role that ‘home’ plays for our families and the neighborhoods where they live,” said HUD Secretary Shaun Donovan. “Owning a home has historically been the principal vehicle for Americans to build equity, start businesses, put kids through college, and retire with comfort and dignity. After all we’ve been through, we must stand by an institution that has helped build our nation’s middle class.”
National Homeownership Month began as a week-long celebration/recognition of homeownership during the Clinton presidency in 1995. In 2002, President George W. Bush proclaimed June as National Homeownership Month. Below is an excerpt from President Bush's proclamation setting aside the entire month of June as National Homeownership Month:
“Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important financial investment, and it can be a source of great personal pride and an important part of community stability.”
“Homeownership encourages personal responsibility and the values necessary for strong families. Where homeownership flourishes, neighborhoods are more stable, residents are more civic-minded, schools are better, and crime rates decline.”
“During National Homeownership Month, I encourage all Americans to learn more about financial management and to explore homeownership opportunities in their communities. By taking this important step, individuals and families help safeguard their financial futures and contribute to the strength of our Nation.”
If you are a renter, who would like to make the transition from renter to homeowner, contact Nina Hollander/Carolinas Realty Partners with Coldwell Banker.
We can help you turn your rent payments into mortgage payments!
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"Did you know" image courtesy of FreddieMac.com
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