June is National Homeowner Month!

National Homeownership Month June 2017

Fact Sheet

Alameda County had a median home price of $862,000 in May, up 4% from 2016
Average number of Days on Market in Alameda County is only 18 days
The number of homes sold in May increased by nearly 24% from April!
86 percent of current renters want to own a home in the future.
Homeowners bring stability to neighborhoods. Homeowners move far less frequently than non-owners, and hence are embedded into the same neighborhood and community for a longer period.
The average child of homeowners is significantly more likely to achieve a higher level of education and, thereby, a higher level of earnings.
While both homeowners and non-owners may aspire to be engaged parents, homeowners likely live in neighborhoods with more opportunities for school involvement or participation in neighborhood activities.
Homeowners report better physical and psychological health than the average non-owner.
Homeowners are far less likely to become crime victims than non-owners.
Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.
The median net worth of homeowners increased 4 percent between 2010 and 2013, whereas that of renters or other non-owners did not change.
The average homeowner’s net worth is 35 times that of the average renter.

Homeowners can leverage tax advantages. Homeowners can deduct mortgage interest on their federal income taxes.
Other deductions, such as some closing fees and your property taxes, may save you money on your tax bill.
Purchasing a home can improve your credit score through consistent mortgage payments.
Additionally, credit bureaus give more weight to mortgage payment history than to credit cards or other more temporary accounts.
Rental payments may not be reported, so mortgage payments give you an extra account on your credit report.

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