For centuries, people in this country, whether they were born here or immigrated from another country, have seen homeownership as part of the American Dream. With so many prominent societal changes over the last few decades, is it fair to ask is the American Dream still the same or has it evolved into something else? The answer was made abundantly clear in two separate reports released earlier this month by Trulia and the National Association of Realtors.
Earlier this month Trulia revealed in their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, that:
“After two years of no change, the share of Americans who say that homeownership is part of their personal “American Dream” ticked up from 72 percent to 73 percent of Americans.”
At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained:
“For both homeowners and non-homeowners alike, homeownership is strongly considered a part of the American Dream. Non-homeowners, roughly 75 percent reported that homeownership is part of their American Dream, whereas for owners, nine in 10 believe it is part of their American Dream.”
Belief among the vast majority of Americans, whether they rent or own, is that purchasing a home still remains a major step toward accomplishing the American Dream.
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