The Importance of Homeownership to the American Dream

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so 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. The answer was made abundantly clear in two separate reports released earlier this month.

In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed 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. For non-owners, roughly 75 percent reported that homeownership is part of their American Dream. For owners, nine in 10 believe it is part of their American Dream.”

Bottom Line

The 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.

Call Teresa Ryan at 630-276-7575 today, for your home buying and selling needs in Naperville and the western Suburds of Chicago.

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Teresa Ryan

Welcome to Naperville Homes and Lifestyle. Ladies, if you're looking for a one-stop-resource on all things Lifestyle, home and Naperville-related, welcome home. Live your best life, Teresa Ryan Editor-In-Chief Naperville Homes and Lifestyle 1288 Rickert Dr., Ste 300, Naperville, IL 60540 *Naperville Homes and Lifestyle is the property of Ryan Hill Group (Century 21 Affiliated)