Homeownership Is A Cornerstone Of The American Dream

Dated: 03/15/2019

Views: 87

Homeownership is a Cornerstone of the American Dream | Simplifying The Market

Homeownership is a Cornerstone of the American Dream

   First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy

“The rumors of my death are greatly exaggerated.”

The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years.

That led to speculation that homeownership was no longer seen as a major component of the American Dream. That belief became so widespread that the term “renters’ society” began to be used by some to define American consumers.

However, the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters.

Homeownership is a Cornerstone of the American Dream | Simplifying The Market

Going forward…

It appears the homeownership rate will continue to increase.

The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtorsrevealed that 84% of non-owners want to own a home in the future. That percentage increased from 73% earlier last year.

Bottom Line

In the United States, the concept of homeownership as part of the American Dream is very much alive and well.

Click Here to check out all the available Homes on the Market Today!
OR
Click Here to Find out the Value of your Home Now
!

Blog author image

Adam Crocker

Hi, I’m Adam Crocker and I've lived in the Pacific Northwest for over 25 years! I love meeting new people and helping them purchase or sell their existing home! I work very hard for all my clients, ....

Latest Blog Posts

Are New Homes Going To Be Available To Buy This Year

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd

Read More

Is The Economic Recovery Already Underway

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by

Read More

Is A Recession Here Yes Does That Mean A Housing Crash No Is A Recession Here Yes Does That Mean A H

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.On Monday, June 8, 2020, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a.

Read More

Home Buying Myths

Two Big Myths in the Homebuying ProcessThe 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership:

Read More