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皇冠体育app Midwest

Serving Darien, IL

皇冠体育app Midwest

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Is Owning a Home Still the American Dream for Younger Buyers?

(Published on - 12/2/2023 6:28:01 PM)

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent  by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below):

 

In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?

A recent  by 1000watt dives into how the two generations many people believed would be the renter generations (Gen Z and millennials) feel about homeownership. Specifically, it asks if they want to buy a home in the future. The resounding answer is yes (see graph below):

While there are plenty of reasons why someone might prefer  to renting, the same 1000watt survey shows, that for 63% of  and millennials, it’s that your place doesn’t feel like “home” unless you own it – maybe you feel the same way.

That emotional draw is further emphasized when you look at the reasons why Gen Z and millennials want to become homeowners. For all the  homeownership provides, in most cases it’s about the lifestyle or  (see graph below):

 

What Does This Mean for You?

If you’re a part of Gen Z or are a millennial and you’re ready, willing, and able to , you’ll want a great real estate agent by your side. Their experience and expertise in the local housing market will help you overcome today’s high , , and rising  to find your first home and turn your dream into a reality.

Working with a local real estate agent to find your dream home is the key to unlocking the American Dream.

Bottom Line

 is a big, important decision that represents the heart of the American Dream. If you want to accomplish your goal, begin by talking to a local  to start the process today.

Source: Keeping Current Matters

皇冠体育app Midwest

1310 Plainfield Rd. Ste 2 | Darien, IL 60561

Office: 630-969-8880
E-Mail: experts@realtyexecutives.com

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