Homeownership Is Still Apart Of The American Dream

Dated: 01/11/2018

Views: 144

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

Home Sales Overcome Inventory Price Woes

Home Sales Overcome Inventory, Price Woes DAILY REAL ESTATE NEWS | MONDAY, APRIL 23, 2018 Inventory shortages and pressing affordability issues didn’t suppress home sales activity in March.

Read More

WHEN IS THE BEST TIME TO SELL

Figuring out the right time to sell can help you maximize the sale price of your home and take some stress out of the process. Here are tools and tips for deciding when is a good time – both

Read More

Is Family Mortgage Debt Out Of Control

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes

Read More

Hero On Southwest Flight Is A REALTOR

Hero on Southwest Flight Is a REALTOR® DAILY REAL ESTATE NEWS | THURSDAY, APRIL 19, 2018 Southwest Flight 1380 was traveling from New York to Dallas when an engine blew after takeoff,

Read More