Homeownership Is Still Apart Of The American Dream

Dated: 01/11/2018

Views: 135

93% Believe Homeownership Is Important in Attaining the American Dream

93% Believe Homeownership Is Important in Attaining the American Dream | Keeping Current Matters

Americans continue to believe that homeownership is important in achieving the American Dream. A recent surveyby 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 the relative 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.


SOURCE: KEEPING CURRENT MATTERS

Want to Advertise on this Site?

Latest Blog Posts

Places You Didnt Think To Look To Acquire Furniture

Is the cost of furniture causing to you to debate if a kitchen table is a “want” or a “need”?Don’t worry! There are plenty of options for you to furnish your nest without breaking the.

Read More

Starved For Inventory Some Cities Eye Granny Flats

Starved for Inventory, Some Cities Eye ‘Granny Flats’ DAILY REAL ESTATE NEWS | WEDNESDAY, JANUARY 17, 2018 “Granny flats” or in-law units are surging in popularity in some housing-starved

Read More

Places To Find Furniture You Didnt Think To Look

Is the cost of furniture causing to you to debate if a kitchen table is a “want” or a “need”?Don’t worry! There are plenty of options for you to furnish your nest without breaking the.

Read More

6 Decisions To Make Before The Home Search

In the market for a new home but have no idea where to start? There are several decisions you should begin to make before you even start your home search. By asking yourself the right,

Read More