Realtors in Florida are actively promoting housing opportunities and supporting individuals in achieving the American dream of homeownership. Homeownership has long been a cornerstone for many families, providing both emotional and social benefits while significantly contributing to household wealth. According to recent research from the National Association of Realtors (NAR), the average net worth of a homeowner in 2022 was $396,200, which is approximately 38 times greater than that of a renter at $10,410.
President Joe Biden recently issued a proclamation recognizing June as National Homeownership Month. This proclamation emphasizes homeownership as an economic strength and stresses the importance of increasing homeownership rates, particularly among minority groups. The proclamation states, "Owning a home is about more than putting a roof over your family’s head – it is part of the American Dream. For generations, it has been a pathway to the middle class, an opportunity to build community and to pass down wealth to your children. But too many Americans today still struggle to buy a home. This National Homeownership Month, we recommit to giving every American a fair shot at that dream." It also highlights that "whether they rent or buy, Americans deserve a safe place to call home."
The U.S. Census Bureau reports that Florida's homeownership rate was 69.7% in the first quarter of 2024, compared to 66.6% during the same period last year. The national homeownership rate for the first quarter of 2024 stood at 65.6%.
National Homeownership Month originated as a weeklong recognition in 1995 and was extended to an entire month in June 2002 under former President George W. Bush.
Throughout June, realtors are celebrating Homeownership Month with both buyers and sellers across Florida, utilizing resources provided by Florida Realtors®. The National Association of Realtors also offers additional information on its Homeownership Month Resources webpage.
For further assistance on homeownership matters including housing policies, programs, and counseling services, individuals can visit the U.S. Department of Housing and Urban Development's website at https://www.hud.gov/.