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
As an owner, your mortgage payment is a form of ‘forced savings,’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.
Real Estate might be the safest, steadiest and simplest way yo build wealth in America.
In fact, by the time college grads reach their 30s, those with student loan debt have a homeownership rate nearly identical to those who didn’t take out loans.
Not all buyers are looking for a newly built house! There are many buyers looking for “the charm and uniqueness” of an existing home.
Having a professional who’s been there before to guide you through the process is a simple step that will give you a huge advantage!
The cost of purchasing a home today is a bargain compared to previous generations when we look at it from a percentage of income basis.