The traditional white picket fence has long been the universal symbol of the American Dream.  The concepts behind that vision remain more important than ever. The notion that Americans become self-realized when they enter the ranks of homeowners is not simply a myth created to prop up the economy. Yes, the housing industry constitutes about one fifth of the nation’s gross domestic product, but the benefits of homeownership extend to  individual as well.

From a financial standpoint, owning a home pays important dividends. Home equity is the largest pool of wealth for most American families. Historically, home values have appreciated at an average of 6 percent a year. And interest on mortgage payments is tax deductible.

However, putting down roots in a home imparts just as significant social benefits. Taking pride in one’s home and community means homeowners are more likely to vote and to volunteer. Homeowners create stronger neighbor and community connections. And putting down roots promotes neighborhood stability.

Statistics tell us that there are significant disparities in homeownership rates across the

A critical part of that effort comes in the form of education and training. In our company has incorporated fair housing education into the basic training program for all new sales associates. After completing the training, participants sign our Fair Housing Pledge, certifying their personal commitment to provide equal professional service to any prospective client, customer or resident of any community. In addition, we have developed our own proprietary Fair Housing Policies and Procedures handbook, which is distributed to all of the company’s sales associates.

As realtors, we are committed to delivering the most complete service possible. Part of that promise means we aim to provide each and every one of our customers with equally professional service every step of the way.  Whatever the vision of the American Dream looks like, it’s our job to help make that dream a reality.

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This article has been adapted from Todd Mendoz,  the chairperson for Coldwell Banker Residential Brokerage’s Casa Coldwell Banker Hispanic Network – a group of more than 150 talented Spanish-speaking real estate professionals who are dedicated to outstanding service, integrity and helping members of the Latino community achieve the American dream of homeownership, in which I participate.