Everyone has their own idea of the American Dream. It’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today.
In fact, owning a home is more important than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?
A recent survey by 1000watt dives into how the two generations many people believed would be the renter generations feel about homeownership. Specifically, it asks if they want to buy a home in the future. The sounding answer is yes (see graph below).
While there are plenty of reasons why someone might prefer homeownership to renting, the same 1000watt survey shows, that for 63% of Gen Z and millenials, it’s that your place doesn’t feel like home unless you own it. It’s about lifestyle or emotional benefits. (see graph below)
What Does This Mean for You?
If you are part of Gen Z or are a millennial and you are ready and able to buy a home, you will want a great real estate agent by your side. My experience and expertise in the local housing market will help you overcome today’s high mortgage rates, low inventory, and rising home prices. I will help you find your first home and turn your dream into a reality.
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