Americans continue to believe that homeownership is important in achieving the American Dream. Arecent surveybyNeighborWorks Americareported 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 wasthe most importantpart
53% of those surveyed said it wasvery important
22% of those surveyed said it wassomewhat 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 byZillow Senior EconomistAaron Terrazas who, in arecent 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 theunpredictability of rising rentstoward therelative stabilityof a monthly mortgage payment instead.”(emphasis added)
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: 53 About Michael: Michael has been a Real Estate Broker in the Denver area for 17 years. With over hundreds of closed...
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