Americans still View Homeownership as the American Dream
Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide. A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream. The responses prove owning a home is still important to so many Americans today (see graph below):
As the graph shows, homeownership ranks above other significant milestones, including retirement,
having a successful career, and earning a college degree.
A recent report from MYND helps shed light on why so many people value homeownership. It finds: “. . . nearly two-thirds of Americans (65%) see homeownership as a means of building intergenerational wealth.”
That’s because, when you own a home, your equity (and net worth) grows over time as you pay down your home loan and as home prices appreciate.
This can be a key factor in building intergenerational wealth and long-term financial stability.
To further drive home the difference homeownership can make in your life, a report
from Fannie Mae says:
“Most consumers (87%) believe owning a home is important to ‘live the good life.’ . . . Notably, significantly more see ‘having less stress’ as a benefit achieved by owning than renting.”
Especially today, this could be because, when you own a home with a fixed-rate mortgage, you stabilize what’s likely your largest monthly expense (your housing cost), and that helps combat the impact of rising costs from inflation.
What Does This Mean for You? American Dream
While it may feel challenging to buy a home today with higher mortgage rates and home prices, if
the time is right for you, know that when you buy a home, incredible benefits are waiting for you at the end of your journey.
Buying a home is a significant and powerful choice, embodying the foundation of the American Dream. If you plan to make your homeownership dream a reality this year, let’s connect to start the process
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We offer guarantees and assurances to our clients. We call this Our Risk Removal System. Like our Guaranteed Sale Program: Your Home Sold at a Price Agreeable to You or We’ll Buy It. And our VIP Buyer Satisfaction Guarantee! If You Are Not Happy With Your Home, We Will Sell it For Free! In fact, our Exclusive Seller Agreements Offer 10 Unprecedented Guarantees. In my experience, these guarantees elevate our service and our clients experience. And by now, five paragraphs into this month’s Homeward Bound, you are wondering how the headline ties into any of this. If you are receiving Homeward Bound for the first time. You will notice we give back to those in our community who need help the most.
For the month of July, anyone considering making a move that you refer to me. We will guarantee them in writing their home will sell or we’ll buy it at a price acceptable to them. We just need to agree on the price and possession date with the seller. This is where you can help!
We just need to agree on the price and possession date with the seller. This is where you can help!
If you or anyone you know is considering making a move, we would like to offer them a FREE No Obligation Market Analysis that will give them a real idea of what they can expect to sell their home for.
Just like we are thankful for you and your business, I am confident your referrals will be thanking you for steering them in the right direction on getting their home sold!!!