Homeownership Still the American Dream

People in this country have seen homeownership as part of the American Dream for centuries. Immigrants wanted to own a piece of America, whether they were born here or emmigrated from another country. There have been 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. Two separate reports released earlier this month helped clarify the answer.

As Housing Trends Shift, So Does Homeowner Sentiment

“The share of Americans who say that homeownership is part of their personal “American Dream” ticked up from 72 percent to 73 percent after two years of no change.”

At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained:

“Homeownership is strongly considered a part of the American Dream. Both homeowners and renters alike agree. Roughly, 75 percent non-owners reported that homeownership is part of their American Dream. Nine in 10 believe it is part of their American Dream.”

Bottom Line

Purchasing a home still remains a major step toward accomplishing the American Dream. This is the belief among the vast majority of Americans, whether they rent or own. Homeownership remains the ultimate American Dream.