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The American Dream: 93% Believe Homeownership Is Important

How important is home ownership to YOU?

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 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.

Let’s talk about Seattle real estate

It’s a great time to check in with your trusted Metropolist real estate broker to plan, update and realize your latest dream of homeownership. You may be a first-time buyer, or you may be looking at investment properties, up-sizing or downsizing your home.

No matter where you are, we know and navigate Seattle like no other firm in our fair city. Let’s talk about your vision, your dream and our city together.