Is homeownership still the American Dream? According to Trulia.com, yes, it is!
This housing-oriented web site put together statistics about homeownership recently from the Fall 2011 American Dream Survey and found that 70% of Americans say that owning a home is part of their personal American Dream:
- 65% – 18-34 year olds (Millennials)
- 66% – 35-44 year olds (Generation X)
- 74% – 45-54 year olds (Baby Boomers Pre-Retirement)
- 76% – 55+ year olds (Baby Boomers About To/Already Retired)
The report showed that 70% of current homeowners plan to buy another home in the future.
From a renter’s perspective, statistics indicate that homeownership is still valued: 57% of renters say owning a home is one of the best long-term investments they can make. Homeownership ranked higher than putting money into a 401K, purchasing mutual funds, buying gold or investing in the stock market. The Trulia.com statistics also showed that 59% of current renters aspire to own their own homes.
That’s good news for all of us. For sellers, in particular, it means that there are buyers out there, wanting to buy a home- regardless of the current housing market or anything they’ve read or seen in media reports. Owning your own home is still something that is important to so many people in America.
If you’d like to find out the steps you need to take in order to make this dream a reality for yourself, feel free to contact me. I’d be happy to help you!