Within two years, each home sold accounts for more than $24,000 in economic impact thru income generated and expenditures on the home improvements.
Nashville, TN (PRWEB) June 05, 2013
“Just like our founding fathers, I am a strong believer in our rights to life, liberty and property,” Steve Jolly said.
Homeownership has many positive impacts on the overall economy and well-being of the nation. Of the last eight recessionary periods, the housing industry brought the country out of economic hardship six times. Even now, as a recovery is taking place in the economy, the housing market has accounted for 15 percent of the United States total economic activity.
Homeownership has also been shown to have lasting positive impacts on the social well-being of the country as well.
Social impacts that home ownership provide include happier and healthier people. Man studies show that once a person becomes a home owner, their satisfaction and happiness level increases. Home owners are also more inclined to be active in crime prevention and learn time management skills so that they can properly maintain their homes. Ownership also creates an opportunity to form social ties with neighbors.
Homeownership has also been shown to help children improve in their schooling. Several of these studies reveal that the stability and community feeling that home ownership provides to the parents transfers to the children. Children that feel secure and happy almost always perform better in school.
The economic impact of home ownership is also very apparent. Across the Nation, real estate activity accounted for more than 2 trillion in gross domestic product in 2011. “Within two years, each home sold accounts for more than $24,000 in economic impact thru income generated and expenditures on the home improvements,” Jolly continued.
Individuals interested in learning more details about the benefits of homeownership should go to my Homeownership Impact Report. Steve Jolly is one of the Top Real Estate Brokers in the Greater Nashville Area and also owns NashvilleRealEstateNow.com.