American Dream Of Homeownership Dead Or Alive

American Dream Of Homeownership Dead Or Alive

Homeownership Aspirations: The Enduring & Evolving American Dream

  • Almost all respondents (94 percent) said that if money were no object, they would own their home.

  • While detached single-family homes are idealized among all age groups, young adults are slightly more likely to indicate a different preference.

  • A majority of Americans (56 percent) would prefer to live in the suburbs – even among stereotypically city-loving young adults under age 35, 52 percent of whom said their ideal home is in the suburbs.

The idyllic, picket-fenced, detached, single-family home in the suburbs remains a mainstream standard of what homeownership should look like. But around the edges, the image of the ideal American home is beginning to evolve, if only slightly. Especially for younger Americans.

A decade after the 2008 housing crash and subsequent financial crisis, the draw of homeownership remains powerful for Americans of all ages, according to the most recent Zillow Housing Aspirations Report.

Roughly two-thirds (64 percent) of Americans in 20 metros agreed that owning a home is a “key to a higher social status” and “necessary to live The American Dream.” Even more (70 percent) agreed that homeownership “increases your standing in the local community.”

                                                                   Good News Temecula & Murrieta   

Temecula and Murrieta is it own little Paradise! With master planned communities, the best in Public Schools, loads of activities and parks, Clean air, super low crime, a myriad of restaurants, pubs, wineries, micro breweries, and Old Town Temecula as its own tourist destination. No wonder everyone wants to live here.

Interest rate are still low and the quality of life in this little Paradise is so high it's easy to see why raising your family in make so much sence.

For a real Perspective call Audrey at 951 830-4652Image title

                                                                                                                       Realty Executives Temecula


Audrey Devine Brosler Headshot
Author:
Phone: 951-830-4652
Dated: August 17th 2018
Views: 2
About Audrey: I have lived in the Temecula area since 1986. I have been a licensed Realtor since 1993 and I am a 5...

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