American Dream of Homeownership Still Very Much Alive
In a recent post, Trulia examined whether homeownership was again being seen by adults in the US as a “part of their personal American Dream.” Over the last five years:
- The percentage of U.S. adults who believe homeownership is part of their American Dream increased from 70% to 75%
- The percentage of 18-34 Year-olds who believe homeownership is part of their American Dream increased from 65% to 80%
Here is a graph of the survey over the last five years:
As the housing industry recovers from the crisis of 2008-2010, Americans belief in homeownership as part of their own personal American Dream has also made a strong comeback.
Source: Michigan Real Estate News, John Rice Realtor Latest Real Estate News