The Importance Of Home Ownership

Dated: January 29 2019

Views: 414

The Importance of Homeownership to the American Dream | Simplifying The Market

The Importance of Homeownership to the American Dream

   First Time Home Buyers, For Buyers, Move-Up Buyers

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made abundantly clear in two separate reports released earlier this month.

In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that:

“After two years of no change, the share of Americans who say that homeownership is part of their personal “American Dream” ticked up from 72 percent to 73 percent of Americans.”

At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained:

“For both homeowners and non-homeowners alike, homeownership is strongly considered a part of the American Dream. For non-owners, roughly 75 percent reported that homeownership is part of their American Dream. For owners, nine in 10 believe it is part of their American Dream.”

Bottom Line

The belief among the vast majority of Americans, whether they rent or own, is that purchasing a home still remains a major step toward accomplishing the American Dream.



You might also enjoy reading...

Your Name (required)

Email Address (required)

Phone Number (optional)

Blog author image

Jenifer Vigil

Jenifer Vigil is the Employing broker for 360 Real Estate Inc. Jenifer’s expertise, professionalism, marketing and real estate skills allow her to provide 360′s agents with unsurpassed management ....

Latest Blog Posts

What Are Closing Costs

Don’t Get Caught Off Guard by Closing CostsAs a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need

Read More

Housing Challenge Or Housing Opportunity It Depends

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we

Read More

Oct 13 2021 68168 1

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3

Read More

Can You Define These Key Terms In Our Current Housing Market

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms

Read More