The importance of home ownership and America's growth and confidence are intertwined according to NAR President Ron Phipps. Phipps told members of congress that sustainable homeownership must be the goal when considering future federal housing policies.
"Homeownership is a pillar of our economy; our research suggests that home sales in this country generate more than 2.5 million private-sector jobs in an average year. For every two homes sold, a job is created," Phipps said.
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