Most Americans want to own their own home. Some even call it a biological urge, based on our human desire to nest. Whatever the current economic condition of the country, whatever the latest programs offered or atrocities committed by government and banking institutions, that desire doesn't seem to change and is unlikely to change even 25 years from now. Perhaps Thomas Jefferson put it best, "A right to property is founded in our natural wants."
The National Association of Realtors (NAR) just released the first edition of their Housing Opportunities and Market Experience Survey (H.O.M.E.). NAR explained that the report covers: "core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream."
The current survey confirmed two long standing beliefs regarding homeownership:
Americans at every income level believe homeownership is part of the American Dream:
Americans at every age believe that homeownership is a good financial decision:
Source: Keeping Current Matters
Bottom Line: Americans in all age groups and income levels believe in homeownership as a piece of their American Dream. If you are ready and willing to buy your dream home, meet with a local real estate professional who can help you determine if you are able to.
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