Celebrating National HomeOwnership Month with Forward Devils Lake Corporation

June marks National Homeownership Month, a time to recognize the significance of homeownership and its pivotal role in strengthening communities nationwide. This month-long celebration reminds people of the many benefits of owning a home and its positive impact on families, neighborhoods, and local economies. Forward Devils Lake celebrates National Homeownership Month by promoting homeownership as a pathway to stability and prosperity.

Why We Celebrate National Homeownership Month

The celebration of National Homeownership Month is rooted in the belief that owning a home is a cornerstone of the American Dream. Homeownership is more than just acquiring a piece of property; it represents stability, pride, and a long-term investment in one's future. Homeownership Month provides an opportunity to educate potential homeowners about the benefits and challenges of purchasing a home and highlights the need for accessible and affordable housing.

The Importance of Owning a Home

Homeownership has numerous benefits that extend far beyond the individual homeowner. Homeowners are likelier to participate in community activities, build roots, and attain financial security and wealth. The equity accumulated in a home can be a source of funds for future investments or unexpected expenses.

Homeownership can also improve children's educational outcomes, as stable housing is often associated with better school performance. Additionally, it can have positive health outcomes, as homeowners typically experience lower stress levels and a greater sense of security. NAR, or the National Association of Realtors, researches and analyzes the housing market and its broader economic effects. According to NAR calculations, one new job is supported by every two home sales.

Forward Devils Lake’s Support for Homeownership

At Forward Devils Lake, we understand homeownership's profound impact on individuals and communities. As a leading economic development corporation, we actively support initiatives that promote responsible and sustainable homeownership:

Community Development Initiatives: Our organization supports community development projects that create affordable housing opportunities and improve local infrastructure, contributing to the overall quality of life.

Collaboration with Local Stakeholders: We work closely with local government agencies, financial institutions, and real estate professionals to create a supportive network for prospective homeowners.

National Homeownership Month celebrates the dream of owning a home and recognizes its profound impact on individuals, families, and communities. As we commemorate this month, we reaffirm our commitment to building more robust, vibrant communities through sustainable and inclusive homeownership initiatives.

Discover your Path to Homeownership

National Homeownership Month is the perfect time to explore purchasing a home. Forward Devils Lake Development Corporation helps families integrate into the community through homeownership. Visit us here or contact us here to learn how we can help.