“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)
Owning a home always has been, and always will be, a crucial part of attaining the American Dream.
If you have any questions about the home buying process, or how to qualify for a home loan, just call/text me at 602-295-6807 and I can help evaluate your ability to purchase your dream home!
Helping to Make a Difference in Your Life,
Troy Erickson Realtor