June Is National Homeownership Month: Owning Still The American Dream

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Owning A Home Is Still The American Dream

June is National Homeownership Month...  a great time to ask if owning a home is still the American Dream.

 

The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” still very much describes how the majority of Americans feel about the fact that owning a home is an integral part of attaining the American Dream.

 

Americans believe strongly in homeownership, as evidenced by a Pew Reseach  survey, which asked "How important is homeownership to achieving the American Dream?” The results showed 91% of responders said homeownership was either essential or important to the American Dream.

  • 43% said homeownership was essential to the American Dream
  • 48% said homeownership was important to the American Dream
  • 9% said it was not important

 

 

Owning A Home Still The American Dream

 

 

Homeownership Rates Continue To Increase

 

Statistics of home ownership rates as of the first quarter of 2018 show the percentage of homeowners in America steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year’s 63.6%. The rate of home ownership has ticked up for five consecutive quarters (at the same time, the number of new renter households has fallen for four consecutive quarters). Owner-occupied households grew by 1.345 million from a year ago. 

US home ownership rates first quarter 2018

 

Additional Articles About Homeownership Being The American Dream

80% of Renters Believe Homeownership Is A Part Of Their American Dream

93% Believe Homeownership Is Important In Attaining The American Dream

Homeownership Is A Precondition Of The American Dream

 

 

If you're a Charlotte metro area renter, who'd like to make the transition from renter to homeowner, contact Nina Hollander with RE/MAX Executive.

I can help you turn your rent payments into mortgage payments as well as to help you "Find Your Place!"

 I'd also love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2018 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Gita Bantwal 06/05/2018 05:00 AM
  2. Michelle Carr-Crowe Just Call 408-252-8900 Top 1%! 06/05/2018 12:19 PM
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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I am still a huge believer in owning a home and it isn't because I sell homes. It is because I feel it is security and comfort and self satisfying to have a home. It's just plain American.

Jun 03, 2018 04:32 PM #13
Rainmaker
1,551,335
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I love the Walt Witman quote Nina Hollander  and I'm going to say you don't even need to own the land it stands on. I just helped a 60 some year old girl purchase here first home (a mobile home) and I believe she was the happiest home owner I've known in all my years of Real Estate.

Jun 03, 2018 04:38 PM #14
Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

It is a huge responsibility to be a homeowner and I hope those people appreciate what living the American dream is all about Nina!

Jun 03, 2018 08:34 PM #15
Rainmaker
3,148,297
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

How appropriate that June is Home Ownership Month, most Sales Statistics indicate that May and June are the highest purchase months for real estate by volume, Endre

Jun 03, 2018 11:44 PM #16
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... my experience has been that most people appreciate what it means to own a home and to set down roots. For immigrants (like myself) from countries where home ownership is not taken for granted as being achievable, owning is the ultimate in attaining the American Dream.

Jun 04, 2018 03:56 AM #17
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ hi Bob... I've found that first time home buyers are particularly excited about becoming home owners.

Jun 04, 2018 03:57 AM #18
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds ~ hi Debbie... I so agree with you... it is so American to believe you can own a home... I can tell you that in much of the rest of the world this is not taken as a given by any stretch of the imagination.

Jun 04, 2018 03:58 AM #19
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. ~ hi Endre... you raise an interesting point... homeownership month has always been recognized in the month of June, but I have no idea if June was chosen because so many people buy in this month.

Jun 04, 2018 03:59 AM #20
Rainmaker
3,107,890
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

We can tell by the immediate smiles on first-time home buyers faces when they realize they now own their "American Dream"...

Jun 04, 2018 04:12 AM #21
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ hi Sheila and Larry... that big smile and happiness are truly amazing to witness.

Jun 04, 2018 04:14 AM #22
Rainmaker
1,506,705
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Nina, great post! I really like the infographic you included. I have only ever met one person who didn't think owning a home was important or consider it a goal. There are so many reasons to own vs. rent and it's something I'll always value. 

Jun 04, 2018 05:27 AM #23
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Amanda S. Davidson ~ hi Amanda. Thank you. Your experience totally underscores why surveys show that 91% of Americans believe home ownership is a critical component of attaining the American Dream.

Jun 04, 2018 05:52 AM #24
Rainmaker
5,218,215
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Monday morning, Nina. Have a great day and a most productive week.

Jun 04, 2018 06:07 AM #25
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Roy... thank you... and wishing you a lovely week, as well.

Jun 04, 2018 07:25 AM #26
Rainmaker
2,086,934
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

I certainly agree! Great graphics, Nina!

Jun 04, 2018 07:59 AM #27
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sharon Tara ~ hi Sharon... thanks. Pictures really do help tell the story, don't they?

Jun 04, 2018 08:14 AM #28
Rainmaker
4,431,500
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Nina, I hope renters will read this post. Thank you for sharing. I will reblog the post.

Jun 04, 2018 02:18 PM #29
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ thanks, Gita... I'm glad you felt this was worth of being reposted!

Jun 04, 2018 02:32 PM #30
Ambassador
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Michelle Carr-Crowe Just Call 408-252-8900 Top 1%!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Nina, I totally love this quote from Walt Whitman,

A man is not a whole and complete man,

unless he owns a house and the ground it stands on.” 

Jun 05, 2018 12:17 PM #31
Rainmaker
2,934,972
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900 hi Michelle... it is a great quote, isn't it? And thank you again for the reblog!

Jun 05, 2018 12:26 PM #32
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