Tag Archives: buying home

Home Ownership – The American Dream

History of National Home Ownership Month

June is National Home Ownership Month.  Do you know the history of the American Dream of home ownership?

In the 1800s, most Americans had no way of really owning a home.  Mortgages became common only after the U.S. banking system came into being after the 1860s National Bank Acts.

During the time of the Great Depression, the banks did not have any money to lend and the average borrower didn’t have any cash.  As a result, people couldn’t afford to buy homes, while existing homeowners often failed to pay their debt.  To stabilize the housing market, the U.S. government created the Home Owners’ Loan Corporation in 1933, the Federal Housing Administration in 1934, and the Federal National Mortgage Association (now known as Fannie Mae) in 1938.  All these institutions took homeownership to new heights and helped prevent a crash in the housing market.

What changed the face of the housing industry, along with that of the American economy, was the G.I. Bill of 1944.  This bill provided subsidized mortgages for the veterans of World War II.  Another milestone in the history of American housing came when Congress passed the Fair Housing Act of 1968.  The Act was signed by President Lyndon B. Johnson and banned discrimination in housing based on religion, race, gender, and national origin.  It came into being only a few days after the assassination of Martin Luther King, Jr.

In its 87 years of existence, the Federal Housing Administration (FHA) has saved America an almost $4 trillion loss of household wealth.  It has helped more than 44 million citizens to become homeowners.

National Homeownership Week began in 1995, which was a strategy of the administration under President Bill Clinton to increase homeownership across America.  Later, in 2002, President George W. Bush expanded the period of observance from a week to the entire month of June.  National Homeownership Month reinforces the belief that owning a home is one of the steps toward achieving the American dream.

My passion is helping people home ownership and finding their dream home.

Information derived from NationalToday.com

In appreciation,

Marie Dinsmore

Experience, Passion, and Commitment to Excellence!

Still Listing / Still Showing Homes / Homes Still Being Sold

These are challenging times, but, Yes, we are still listing, showing homes, and selling homes.  Granted we have had to get creative in order to do so, but that is what a good experienced real estate agent does.

Some of our clients are willing to do Facetime Virtual tours.  Others have created a virtual tour of their home that we can send to prospects.  For those clients who decide they want to visit the property and see it in person, we are taking every precaution.  We ask the property owner to open all doors as well as cabinet doors, so we don’t have to touch anything.  Or if we do, we’re using gloves.  We are sanitizing upon entry and when we leave the property.  Our buyers and seller’s safety are our primary concern at this time.

There are also other ways to receive offers for your home rather than the traditional listing.  As an iRep Real Estate Pro, I can help you receive cash offers on your home and a retail market valuation in 48 hours.  So, if you were planning to sell this spring but are apprehensive, due to our current situation, this might be an option to consider.

Contact me and we can discuss all your options.

Marie Dinsmore

The Dinsmore Team

RE/MAX Around Atlanta

www.DinsmoreTeam.com

Cell 770-712-7789/Fax 770-888-7793

Experience, Passion, and Commitment to Excellence!