Homeownership: A Cornerstone of the American Dream

By
Real Estate Broker/Owner with Better Homes and Gardens Real Estate Lifestyles 0225061907
“The rumors of my death are greatly exaggerated.”

 

The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years.

 

That led to speculation that homeownership was no longer seen as a major component of the American Dream.

That belief became so widespread that the term “renters’ society” began to be used by some to define American consumers.

 

However, the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters.

Homeownership is a Cornerstone of the American Dream |MyKCM

Going forward…

It appears the homeownership rate will continue to increase.

 

The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtors revealed that 84% of non-owners want to own a home in the future. That percentage increased from 73% earlier last year.

 

Bottom Line

In the United States, the concept of homeownership as part of the American Dream is very much alive and well.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Tags:
homeownership

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,202,655
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good afternoon 

Thank you for sharing your information with us Azmi Alkurd 

Have a great day.

Friday May 17, 2019. 

May 17, 2019 10:07 AM #1
Rainmaker
483,091
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

A good article Azmi Alkurd ,  Have a great and successful weekend!

May 17, 2019 10:23 AM #2
Ambassador
3,550,106
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Rental prices have outpaced housing in our area so it makes more financial sense to buy rather than rent. 

May 17, 2019 12:20 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
126,333

Azmi Alkurd

Residential | Commercial Real Estate Agents
Call to schedule an appointment today!
*
*
*
*
Spam prevention

Additional Information