The Importance of Homeownership to the American Dream
“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.”
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. To view original article, visit Keeping Current Matters
“Amid uncertainty, the house-buying power of U.S. consumers can benefit significantly.”
The success of the U.S. residential real estate market, like any other market, is determined by supply and demand.
Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high.
Pricing your home correctly will increase the visibility of your listing and drive more buyers your way.
Idaho held on to the top spot of ‘high inbound’ states for the second time since 2017, followed by Washington State.
Rental expenses are beginning to moderate and average wages are increasing, allowing renters to save towards a down payment.