Homeownership Is Still Apart Of The American Dream

Dated: 01/11/2018

Views: 151

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

Backyard Updates

7 “Oh Yeahhh” Projects That Make Your Backyard Staycation-Worthy But not all are equal when it comes to investing in your home.Mow the grass, weed the garden, seal the deck, rake debris. You

Read More

2631 Martinez Lane Riverside 92503

#OPENHOUSE this Saturday from 11-3pm!! Best Bang for Your Buck...in this beautifully maintained four bedroom, three bath, cul-de-sac home. The formal living and dining room along with the

Read More

EASY LANDSCAPING UPGRADES

No need for fancy DIY skills, a lot of money, or a ton of time to pull off these yard upgrades.It’s your yard — yours to do with as you wish. And while that’s great, that doesn’t mean you

Read More

Days On The Market Drops To New Low In April

Days on The Market Drops to New Low in AprilAccording to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent

Read More