93% Believe Homeownership Is Important in Attaining the American Dream

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Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:

“Owning a home remains a core element of the American Dream.”

When asked “How important a part of the American dream is owning a home?”

  • 18% of those surveyed said it was the most important part
  • 53% of those surveyed said it was very important
  • 22% of those surveyed said it was somewhat important

Homeownership and Financial Stability

The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:

“After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.

More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.” (emphasis added)

Bottom Line

Owning a home always has been, and always will be, a crucial part of attaining the American Dream.

Amanda K. Burns

Amanda understands what draws people to the dream of an island lifestyle and what it truly takes to make those dreams a reality. She moved to Hawaii Island from Fairbanks, Alaska in 2016.

Amanda gained 12 years experience in sales and marketing focusing on long term customer service and relationships during her time in Alaska. Wanting to achieve a greater level of work/life balance, and create meaningful experiences for her children through new adventures, Amanda and her husband relocated to the Big Island. Starting her real estate career in the vacation sector, Amanda developed a passion for helping customers with their island experience. She joins LUVA Real Estate as an agent specializing in the North and South Kohala districts.

In her spare time, Amanda enjoys the harmony of toes in the sand and salty crashing waves. She loves scuba diving with her husband, cooking for friends and family, gardening and making family memories through island adventures like zip-lining, fishing, snorkeling, and hiking. Grateful for an amazing group of neighbors and friends who made her transition successful, Amanda strives to makes sure that local families, new residents and vacation home investors fulfill their ultimate dream of an island lifestyle through exceptional service filled with the spirit of Aloha.