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.
Are Investors Actually Buying Up All the Homes?
The idea that Wall Street investors are buying up all the homes and making it impossible for you to compete is a myth
Are You Asking Yourself These Questions About Selling Your House?
The market isn’t at a standstill. Every day, thousands of people buy, and they’re looking for homes like yours.
How To Buy a Home Without Waiting for Lower Rates
Even if mortgage rates don’t drop substantially, there are still ways to make buying a home more affordable.
A Record Percent of Buyers Are Planning To Move in 2025 – Are You?
Find the right agent to make sure your house is prepped, priced, and marketed well, so you can get ahead of the competition!
Buying a Home May Help Shield You from Inflation
A fixed-rate mortgage protects your budget, and home price appreciation grows your net worth.
Home Price Growth Is Moderating – Here’s Why That’s Good for You
It’s crucial to understand what’s happening in your local market and a local real estate agent can really help.
