Homeownership Month is Here – Because It Matters

The National Association of REALTORS® has long recognized June as Homeownership Month, a time to celebrate the value and importance of owning a home.

 

In 2025, market conditions have shifted slightly in favor of buyers, creating new opportunities for those looking to purchase. While today’s interest rates are higher than the historic lows of years past, buying now could position  homeowners to benefit if rates drop in the future—and avoid increased  competition when they do. Historically, real estate values have shown consistent long-term appreciation, regardless of short-term rate fluctuations.

As of April 2020, the U.S. homeownership rate stood at 65.3%, according to the Census Bureau—a figure that has remained fairly steady since 2000. The National Association of REALTORS® continues to advocate for policies and programs that support strong homeownership rates and broaden access to the American Dream.  “Homeownership Matters” has long been a guiding theme of the National Association of REALTORS®— and it takes center stage each year during Homeownership Month.  According to NAR, numerous studies confirm that homeownership brings significant social and economic benefits. Beyond being a powerful tool for building long-term wealth and securing a more comfortable retirement, owning a home fosters a deep sense of community and stability—foundations that are especially important for growing families.

NAR’s Social Benefits of Homeownership and Stable Housing report highlights that homeowners tend to be happier and healthier, and are more likely to vote, volunteer, and engage in their neighborhoods.  Homeowners also move less frequently than renters, contributing to neighborhood stability.  Additionally, children in homeowner households are more likely to participate in organized activities and spend less time in front of screens.

Over time, through both strong and challenging economic periods, home values in most markets across the U.S. have steadily increased. One of the unique advantages in the United States is access to long- term financing options—allowing buyers to purchase a home with relatively low down payments and a 30-year amortizing mortgage. With each monthly payment, a portion of the loan is paid down. When this gradual reduction in loan balance is combined with rising property values, homeowners build equity. For many Americans, this growing equity has become a major source of personal wealth and

long-term financial stability.

Mortgage interest and property taxes, within certain limits, are tax-deductible for U.S. taxpayers. These deductions can help reduce your overall tax burden, effectively lowering the true cost of homeownership.

Homeowners tend to take pride in their neighborhoods and are more likely to engage in their communities when they have a personal stake in where they live. Their involvement and commitment help form the foundation of strong, thriving  communities.

National Association of REALTORS ® Home Ownership Matters

The National Association of REALTORS® and its members are committed to helping more Americans achieve the dream of homeownership. Millions have already taken advantage of the valuable resources available to better understand the home buying process and stay informed on key issues affecting homeowners. You can explore these resources at homeownershipmatters.realtor . As a homeowner, you have a voice in shaping the policies that protect and promote homeownership. To stay updated on important developments and advocacy efforts, simply click the “Stay Informed” link on the site.  When you’re ready to make a move, contact your REALTOR®—your expert guide to buying a home!