Americans continue to believe that homeownership is important in achieving the American Dream. Arecent surveybyNeighborWorks Americareported 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 wasthe most importantpart
53% of those surveyed said it wasvery important
22% of those surveyed said it wassomewhat 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 byZillow Senior EconomistAaron Terrazas who, in arecent 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 theunpredictability of rising rentstoward therelative stabilityof a monthly mortgage payment instead.”(emphasis added)
Owning a home always has been, and always will be, a crucial part of attaining the American Dream.
Author:Keri Pierce Phone: 716-969-1490 Dated: February 1st 2018 Views: 26 About Keri: Let me just be honest. I AM that crazy cat lady but I can definitely help you find the home of your...
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About Kriste Simmons & The Simmons Team of Reliant Realty ERA Powered -931-245-8800
Thank you for choosing The Simmons Team for your real estate needs! We make it our mission to provide you with top of the line services in any type of situation. We specialize in the Clarksville, Montgomery County, Fort Campbell and Hopkinsville areas, but will gladly help you with surrounding areas as well. Our local expertise and wide variety of Real Estate knowledge will benefit you whether you are buying or selling for the first or the tenth time.