Homeownership Is Still at the Heart of the American Dream Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow : “ The American Dream is still owning a home . There’s a lot of pent-up demand for ownership; that isn’t going to go away.” 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. That may be why Jessica Lautz, Deputy Chief and VP of Research at the National Association of Realtors (NAR), says : “Homeownership is the number one way to build wealth in America.” Over time, owning a home not only helps boos...
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Showing posts from January, 2024
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3 Keys To Hitting Your Homeownership Goals in 2024 If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus. Over the last year, the economy had a big impact on the housing market, and likely on your wallet too. That’s why it’s critical to have a clear picture of not just the market today, but also on what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at Realtor.com , explains : “ The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead , so that you can stay in your home long enough that buying is a sound financial decision. ” Here are a few things to think through as you define your goals for 2024. 1. Know Your Why You’re dreaming about making a move for a reason – what is ...