The Importance Of Homeownership To The American Dream

Dated: January 23 2019

Views: 52

The Importance of Homeownership to the American Dream | MyKCM

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.

Latest Blog Posts

What Do Supply And Demand Tell Us About Todays Housing Market

What Do Supply and Demand Tell Us About Today’s Housing Market?There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the

Read More

Whats Causing Todays Competitive Real Estate Market INFOGRAPHIC

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. &

Read More

111285 Reasons You Should Buy A Home This Year

111,285 Reasons You Should Buy a Home This YearThe financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the

Read More

As Home Equity Rises So Does Your Wealth

As Home Equity Rises, So Does Your WealthHomeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that

Read More