Market Watch | Can Owning A Home Make Families Happier & Healthier?

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Market Watch | Can Owning A Home Make Families Happier & Healthier? published findings last week from the latest research conducted by Canada Mortgage and Housing Corp. (CMHC), revealing a link between home ownership, health, and happiness.

The CMHC, which worked with Habitat for Humanity to see how the lives of Habitat families changed after they purchased and moved into their homes, found vast lifestyle changes and definitive improvements in overall health and happiness.

Locally, you too can make a difference and impact lives. Join Fuller Sotheby’s International Realty broker Mary Hauling, and the Blue Spruce Habitat for Humanity at the 6th Annual Hard Hats & High Heels Event, Saturday June 29, 2013. The fundraising event will take place at 32803 Upper Bear Creek Road, Evergreen, CO (pictured here), currently listed by Jennifer Davenport of FSIR for $1,599,990. Proceeds from the evening will help build a duplex this summer for two hardworking, deserving families. Tickets are $50 per person and includes one drink ticket, hors d’oeuvres, entertainment and the opportunity to help build a dream and a home for two families.

Still curious about how owning a home affects health and happiness?
The CMCH survey revealed:

  • 80% of Habitat families with school-aged children saw a drastic improvement in their kids, from increased confidence, improved behavior, higher grades, and interest in extra-curricular activities.
  • 89% said their family lives have improved since they moved, and 86% said they are happier.
  • More than three-quarters of those surveyed said their health was better than it had been in their previous housing. Most of them previously lived in rental housing and many said their former homes were overcrowded and needed repairs.

The CMHC’s conclusions from this study also coincide with a recent publication by the U.S.-based National Association of Realtors (NAR) entitled, Social Benefits of Homeownership and Stable Housing. The NAR publication states, “There is evidence from numerous studies that attest to the benefits (of homeownership) accruing to many segments of society. Homeownership boosts the educational performance of children, induces higher participation in civic and volunteering activity, improves health care outcomes, lowers crime rates and lessens welfare dependency.” For the full article and more on both reports click here.

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