Search Listings

The Importance of Homeownership to the American Dream

The Importance of Homeownership to the American Dream | MyKCM

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made abundantly clear in two separate reports released earlier this month.

In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that:

“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.”

Bottom Line

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.

Contact the East Bay Modern Team, your East Bay real estate connection, for assistance buying or selling a home in either Alameda or Contra Costa County.

Post a Comment

From Our Blog

Posts By Category

All Categories Architectural Homes & New Listings (117) Architectural Homes + Listings (268) East Bay Events (63) Eichler Homes (5) Eichler Homes Forum (44) Events + Happenings (410) Green Living in Marin (73) Just Sold (450) Landscape Design (6) Lofts & Condos (24) Main (267) Marin for Kids (5) Marin Home Staging & Design (9) Marin Market Update (175) Marin Modern News (159) Marin Mortgage News (17) Marin Schools + Education (45) Mortgage & Lending (4) San Francisco (62) Selling Your Home (22) Vendor / Affiliates (1)

Posts By Month

Grab Our RSS Feed