Children do better at school when their family moves from renting to home ownership
STATEN ISLAND, N.Y. – Many Staten Islanders enjoy a better quality of life due to home ownership.
The Staten Island Board of Realtors (SIBOR) is pointing to a survey that shows our home-owning neighbors to the north are benefiting in much the same way.
Becoming a homeowner makes families smarter, happier, healthier, and richer, according to a survey of Habitat for Humanity Canada homeowners by the Canada Mortgage and Housing Corp.
Habitat homeowners contribute 500 hours of sweat equity toward the purchase of their home and in exchange receive interest-free mortgages with no down payment.
CMHC surveyed more than 300 Habitat homeowners and found, across the board, the homeowners reported improvement in their children’s well-being and school performance including:
- Higher grades
- Increased enjoyment of school
- Better attendance
- Higher participation rates in sports, music and arts, and volunteering
The respondents also reported other gains:
- 89 percent said their family life improved.
- 78 percent said their own health and their family’s health was better.
- 58 percent reported they were better off financially.
- 25 percent had spouses who entered the workforce.
- 17 percent returned to school, and 21.5 percent did something else to upgrade their skills.
About The Staten Island Board of REALTORS® (SIBOR)
The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y.
SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.
Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.
SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.
All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).
SIBOR may be reached at 718-979-0007 and viewed online at http://siborrealtors.com. SIBOR may also be visited on Facebook at “Staten Island Board of Realtors,” on Twitter via @SIBOR, and on YouTube at the Staten Island Board of Realtors and RelevantPR channels.
Media Contact: Barton Horowitz