2020 has laid some positive groundwork for an exciting future in homeownership. According to the National Association of Realtors, First-time homebuyers made up 34 percent of homebuyers in July 2020, up from 32 percent last year.
Home is where people make memories and feel comfortable and secure. Our partnership with Habitat for Humanity is an opportunity to reiterate that anyone willing to assume the responsibilities of owning a home should have the chance to pursue that dream and enjoy the many benefits that come with it.
Realtors are committed to equal and fair housing for all those who wish to be homeowners and have been long proponents for affordable housing. For many years, Greater Nashville Realtors members have partnered with Habitat for Humanity of Greater Nashville to build and sponsor an affordable home. This year was no different. Despite COVID-19, Greater Nashville Realtors came together and built our 24th Habitat for Humanity home.
After months of hard work, we could finally celebrate the significant accomplishment by handing over the keys to our homeowner, and the look in her eyes was priceless. Habitat homeowners work many hours in budget counseling, homeownership classes and building their own homes before the home dedication. Being a part of a homeowner's dedication is a gift that can't be described in words.
Most consumers know that homeownership is among the soundest investments an individual can make to build their wealth. However, owning a home is not just in the best interest of the homeowner. Homeownership provides social stability, builds communities and is a driving force for the national economy.
For many months, active homebuyers continuing their pursuit of buying a home have been driving forces in the rising economy. Interest rates remain low and buyers' spirits remain high in their quest for homeownership. Realtors are working around the clock to find properties, negotiate contracts and repairs to facilitate smooth transactions.
Going into 2021, Greater Nashville Realtors will continue our commitment to affordable housing as we build our 25th Habitat for Humanity home. The process for raising those funds has already begun through our Annual Mums Sale and Charity Golf Tournament.
More than an app, Realtors know the emotions going through homebuyers minds as they await their new keys. Realtors are committed to ensuring the highest level of ethical practice to guide consumers through their homebuying journey.
Kristy Hairston is president of Greater Nashville Realtors. A Realtor is a member of the National Association of Realtors who subscribes to its strict code of ethics. Contact Kristy at 615-254-7516 or firstname.lastname@example.org.