皇冠体育app Midwest
Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from found the majority of people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value homeownership.
One possible reason homeownership is viewed so highly is because owning a home is a significant , and it provides meaningful over renting by locking in your monthly housing payments for the length of your home loan. An article from explains:
“Understanding the potential benefits of homeownership helps individuals see the value of owning property instead of renting. . . . household wealth among homeowners is a whopping 1,469% higher on average compared to renters, excluding home equity, making the allure of homeownership even more enticing.”
Over time, owning a home not only helps boost your own , but it also sets future generations up for success as you pass that wealth down. That may be why the Mynd also says:
“Most Americans (78%) still associate homeownership with the ‘American dream.’ And nearly two-thirds of Americans (65%) see homeownership as a means of building intergenerational wealth.”
While the financial benefits of owning a home are important, becoming a homeowner impacts you on a social and emotional level, too. As Mark Fleming, Chief Economist for First American, :
“. . . buying a home is not just a financial decision. It’s also a lifestyle decision.”
Your home provides feelings of achievement, responsibility, and more. highlights the top 10 benefits homeowners enjoy. A few non-financial advantages include:
If your definition of the American Dream involves greater freedom and prosperity, then homeownership could play a major role in helping you . While it may feel challenging to buy a home today as and rise, if the time is right for you, know that there are waiting for you at the end of your journey. You’ll have a place you can , call your own, and feel most comfortable.
Like the National Association of Realtors (NAR) :
“. . . research has consistently shown that homeownership is also associated with multiple economic and social benefits to individual homeowners. Homeownership has always been an important way to build wealth.”
Buying a home is a powerful decision and a key part of the long-term dream for many Americans. And if homeownership is part of your dreams this year, connect with a local real estate advisor to start the process today.
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皇冠体育app Midwest
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皇冠体育app agents are real estate experts. They have the education and expertise you need to navigate through the process of buying or selling a home. From listing at the right price to making the best offer, our Executives have witnessed the best - and most regrettable - decisions homeowners and homebuyers can make. Every day, they are immersed in every aspect of real estate that includes comparable home price analysis, property surveys, credit reports, open houses, HOA agreements, lenders, title companies, homeowners鈥 insurance, walk-throughs, terms of sale or purchase, repairs, concessions and closing documents. Let our accomplished Executives help navigate you through the process of buying or selling a home.
