Dreaming Of The American Dream

93% Believe Homeownership Is Important In Attaining The American Dream

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Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:

“Owning a home remains a core element of the American Dream.”

When asked “How important a part of the American dream is owning a home?”

• 18% of those surveyed said it was the most important part

• 53% of those surveyed said it was very important

• 22% of those surveyed said it was somewhat important

Homeownership and Financial Stability

The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:

“After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.

More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward therelative stability of a monthly mortgage payment instead.” (emphasis added)

Bottom Line

Owning a home always has been, and always will be, a crucial part of attaining the American Dream.

Author: Michael Le
Phone: 303-356-8282
Dated: January 11th 2018
Views: 77
About Michael: Michael has been a Real Estate Broker in the Denver area for 21 years. With over hundreds of closed...