Real Estate News November 8, 2022

The Majority of Americans Still View Homeownership as the American Dream

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, let’s connect to start the process today.

Let’s explore just a few of the reasons why so many Americans continue to value homeownership.

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool, and it provides meaningful financial stability over renting by locking in your monthly housing payments for the length of your home loan.

Over time, owning a home not only helps boost your own net worth, but it also sets future generations up for success as you pass that wealth down.

The Non-Financial Benefits of Homeownership

While the financial benefits of owning a home are important, becoming a homeowner impacts you on a social and emotional level, too.

Your home provides feelings of achievement, responsibility, and more. A few non-financial advantages include:

  • Providing you with more freedom and control over your living space
  • Giving you a greater sense of pride
  • Helps with community engagement

What Does That Mean for You?

If your definition of the American Dream involves greater freedom and prosperity, then homeownership could play a major role in helping you achieve that dream. While it may feel challenging to buy a home today as mortgage rates and home prices rise, if the time is right for you, know that there are incredible benefits waiting for you at the end of your journey. You’ll have a place you can grow your wealth, call your own, and feel most comfortable.

Call us today and we can get you started on achieving your dream of Home Owner-ship.

Debbie & Angie