The Impact of Homeownership on Educational Achievement

    The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

    “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”

    Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on educational achievement. Here are some of the major findings on this issue revealed in the report:

    • The decision to stay in school by teenage students is higher for those raised by home-owning parents compared to those in renter households.
    • Parental homeownership in low-income neighborhoods has a positive impact on high school graduation.
    • Though homeownership raises educational outcomes for children, neighborhood stability may have further enhanced the positive outcome.
    • Children of homeowners tend to have higher levels of achievement in math and reading and fewer behavioral problems.
    • Educational opportunities are more prevalent in neighborhoods with high rates of homeownership and community involvement.
    • The average child of homeowners is significantly more likely to achieve a higher level of education and, thereby, a higher level of earnings.

    Bottom Line

    People often talk about the financial benefits of homeownership. As we can see, there are also social benefits of owning your own home.

    *The next two Thursdays, we will report the study’s findings on the impact homeownership has on civic participation and a family’s health.

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    Steve Baker

    Steve comes to the world of real estate with nearly 30 years of Marketing and Graphic Design experience. These two very important skills make him ideal for this profession. In 2017 he achieved his highest accolade to date becoming a global, award-winning real estate graphic design/marketing recipient. Mr. Baker is not only a REALTOR but the Director of Marketing for Rinehart Realty. His education and work experience also include a Bachelor degree in Education and degrees in Radiologic Technology and Medical Ultrasonography. He was a pioneer in the field of Radiology PACS development and Radiology Voice Recognition adoption and implementation in southwest Virginia. His previous positions as Director of Radiology and PACS Administrator lead to enormous development in resources and project management necessary to succeed in the field of real estate. Steve is a writer and developer for a variety of blogs and real estate publications. He recently completed his first book of quotations and is currently working on a Real Estate Marketing book. He is a strong supporter of the United Way, having won a past Campaign Coordinator of the Year award. He is also a strong advocate for breast cancer research and education. Mr. Baker has a history of work experience developed on the foundation of a strong work ethic, the pursuit of excellence, quality, honesty and integrity.

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