Real Estate Facts: Homeownership in America

June 2008
(486 Words)

Homeownership has a rich history in America, and one worth remembering as we celebrate National Homeownership Month in June, according to the [full name of your local association of Realtors].

T.S. Elliot once wrote: “Home is where one starts from.”

“As Realtors, we are in the business of giving people a place to start from – no matter where they come from and no matter what their background,” [full name and title of your local spokesperson] said.

[Last name] pointed out that helping people realize the American Dream of homeownership makes a positive difference in the personal lives of buyers, as well as for the country as a whole. Throughout history, homeownership has played a major role in the growth of our nation’s economy.

America’s homeownership rate hovered around 46 percent between 1900 and 1920, before declining to a low of 44 percent by 1940. After World War II, the homeownership rate rose dramatically – to 55 percent by 1950 -- as the postwar economy boom contributed to American prosperity.

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