Here are some of the hidden values of home ownership for you to consider when deciding if now is the right time to buy a home. This information is provided by both the Florida Realtors and the National Association of Realtors' Journal of Epidemiology and Community Health.

Owning a home doesn't just help you build wealth. It also impacts your life and your children's lives. Here are some of the specific benefits homeowners may enjoy over renters:

  • Homeowners are healthier and live longer
  • Owning a home reduces the likelihood of divorce
  • Homeowners are less likely to suffer from depression
  • City homeowners are less likely to be victims of crime
  • Children of homeowners often achieve a higher level of education
  • Children of homeowners are likely to earn more over their lifetimes
  • Children of homeowners have significantly lower teen dropout and pregnancy rates
  • Homeowners are more likely to be involved in neighborhood groups
  • Homeowners have a better understanding of politics and are more likely to vote