Field Guide to Social Benefits of Homeownership
(Updated June 2006)
The financial and tax benefits of owning a home vs. renting are very clear. Homeownership also provides many benefits to the family, children and the community, such as increased education for children, lower teen-age pregnancy rate and a higher lifetime annual income for children, as discussed in the following articles and studies. (D. Winchester, Information Specialist)
Contents:
Community Benefits | Family Benefits | Wealth Effect | Books, eBooks & Other Resources
Selected Features of Social Benefits of Homeownership Urbanism
Stability
Health benefits
Benefits the children
Social Benefits
Community Benefits
The Impact of Housing on Community: A Review of Scholarly Theories and Empirical Research, (Joint Center for Housing Studies of Harvard University, Mar. 2006).
Social Benefits of Homeownership and Stable Housing, (NATIONAL ASSOCIATION OF REALTORS®, Jan. 2006).
Benefits of owner occupation in neighborhoods, (Journal of Housing Research, Vol. 14, No. 1, 2003).
The Social Benefits and Costs of Homeownership: A Critical Assessment of the Research, (Research Institute for Housing America, May 2000).
Social benefits of homeownership: Empirical evidence from national surveys, (Housing Policy Debate, Vol. 7, No. 1, 1996).
Homeownership and neighborhood stability, (Housing Policy Debate, Vol. 7, No. 1, 1996).
Homeownership and its benefits, (Urban Policy Brief, No. 2, Aug. 1995).
Family Benefits
Home ownership = good life, (REALTOR® Magazine Online, May 2006).
Differential effects of homeownership on children from higher- and lower-income families, (Journal of Housing Research, Vol. 14, No. 1, 2003).
Effects of homeownership on children: The role of neighborhood characteristics and family income, (FRBNY Economic Policy Review, June 2003).
Social consequences of homeownership, (The Homeownership Alliance, June 2003).
The impact of homeownership on child outcomes, (Joint Center for Housing Studies at Harvard University, Oct. 2001).
The benefits of homeownership; The hidden advantages of having a place to call your own, (Texas REALTOR®, Mar./Apr. 2001).
A Note on the Benefits of Homeownership, (Federal Reserve Bank of Chicago, June 1999).
Wealth Effect
Your House Just Doubled in Value? Don't Uncork the Champagne Just Yet!, (Business Review-Federal Reserve Bank of Philadelphia, First Quarter 2006). Q
Housing wealth effects: housing's impact on wealth accumulation, wealth distribution and consumer spending. , (NATIONAL ASSOCIATION OF REALTORS® - National Center for Real Estate Research, Nov. 2004).
Housing: an investment and a piggy bank for spending, (NATIONAL ASSOCIATION OF REALTORS® - National Center for Real Estate Research, Dec. 2003).
Real estate versus financial wealth in consumption, (NATIONAL ASSOCIATION OF REALTORS® - National Center for Real Estate Research, Mar. 2003).
eBooks & Other Resources
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Social benefits and cost of homeownership, (Research Institute for Housing America, May 2000, p. 217-232).
Social consequences of housing, (Journal of Housing Economics, Mar.-June 2000, p. 1-23).
Does homeownership by parents have an economic impact on their children?, (Journal of Housing Economics, Sept. 1999, p. 217-232).
Incentives and social capital: Are homeowners better citizens?, (Journal of Urban Economics, Mar. 1999, p. 354-384).
Economic and social returns to homeownership, (Real Estate Outlook, Feb. 1999, p. 10-11).
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