93% Believe Homeownership Is Important in Attaining the American Dream

    Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:  “Owning a home remains a core element of the American Dream.”  When asked “How important a part of the American dream is owning a home?”  18% of those surveyed said it was the most important part 53% of those surveyed said it was very important 22% of those surveyed said it was somewhat important Homeownership and Financial Stability The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:  “After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.  More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.” (emphasis added)  Bottom Line Owning a home always has been, and always will be, a crucial part of attaining the American Dream.

    Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:

    “Owning a home remains a core element of the American Dream.”

    When asked “How important a part of the American dream is owning a home?”

    • 18% of those surveyed said it was the most important part
    • 53% of those surveyed said it was very important
    • 22% of those surveyed said it was somewhat important

    Homeownership and Financial Stability

    The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:

    “After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.

    More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stabilityof a monthly mortgage payment instead.” (emphasis added)

    Bottom Line

    Owning a home always has been, and always will be, a crucial part of attaining the American Dream.

    Keeping Current Matters with Rinehart Realty

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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