93 Percent Believe Homeownership Is Important In Attaining The American Dream

Dated: 01/11/2018

Views: 128

Image title

Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by 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 rentstoward 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.

Blog author image

Gillian Cunningham

Gillian Cunningham’s name is synonymous with true professionalism, extraordinary knowledge, exceptional customer service, strong work ethic and high integrity standards. Gillian’s personal approac....

Want to Advertise on this Site?

Latest Blog Posts

How To Prepare For A Successful Open House

There are mountains of resources available that give you a million different ways to prepare your home for a successful open house. It can be overwhelming looking at these lists and narrow down

Read More

Dont Forget To Spring Forward Sunday March 11

Be sure to advance your clocks by 1 hour tonight.    It's also a great time to change your air filters and check your smoke alarm batteries.  ;

Read More

7 Tips For Saving More On Your Next Remodel

In 1986, Tom Hanks starred in a movie called “The Money Pit.” It was all about a couple’s adventures in remodeling what has to be the worst house ever. Even though it was a comedy, if you’ve

Read More

Why Now Is The Time To Buy

If you or someone you know have been considering purchasing a home, you may be curious to know if this is the right time in the market to make your move. The market is fast changing, with new

Read More