Your Opportunity to Achieve the American Dream Keeps Getting Better!
Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”
The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.
The national index score was rounded out to 100.0 in January as a baseline for comparison and it rose the fourth straight month in a row to 101.8.
Alaska, coming in at 89.4, represented the lowest score on the index due in part to the recent collapse in oil prices. In contrast, Wyoming came in with the highest score at 115.1. The full results can be seen in the map below.
Forbes Senior Editor Kurt Badenhausen explained why many states saw a boost in the index last month:
“The American Dream Index rose for the fourth straight month to 101.8 propelled by gains in goods-producing jobs and building permits, as well as declines in unemployment claims and mass layoffs.
“Goods-producing jobs (manufacturing, mining, construction and agriculture) were up for the ninth straight month in May…Building permits rose for the fourth straight month compared to the prior year.”
Bottom Line
The American Dream, for many, includes being able to own a home of one’s own. With the economy improving in many areas of the country, that dream can finally become a reality.
The Truth About Newly Built Homes and Today’s Market
Like anything else in real estate, the level of supply and demand will vary by market; some markets have more, some less.
Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again
With inventory still almost 23% below the pre-pandemic norm, well-priced homes are selling.
House Hunting Just Got Easier – Here’s Why
Over the past few months, the number of new listings, or homes that have recently been put on the market for sale, has been steadily rising.
Buyers Have More Negotiation Power – Here’s How to Use It
Negotiating is a complex process. Lean on your agent for expert advice about what’s realistic to ask for and what’s not.
The #1 Thing Sellers Need To Know About Their Asking Price
A great agent will use real data and market trends to make sure your house is priced based on what your specific home is valued at today
The Best Week To List Your House Is Almost Here – Are You Ready?
A seller listing a well-priced, move-in ready home is likely to find success.
