A recent survey of more than 1,300 consumers found that Americans believe homeownership remains a vital part of achieving the American dream and associated feelings of pride with buying their first home. The poll, which assessed Americans’ perceptions of homeownership, had a particular focus on current renters and prospective homebuyers. Its results show that prospective buyers between the ages of 18 and 34 plan to buy and are eager to become homeowners, despite the housing market’s recent volatility. In fact, 85 percent said they intend to buy a home and 59 percent said they associated feelings of excitement with the buying process. Among current homeowners, 4 out of 5 said they bought their first home between the ages of 18 and 34 and two-thirds of them continue to be homeowners. Achieving the American Dream was among the top motivations for buying a home, along with being financially ready, having a growing family, and feeling homeownership is a good opportunity. More here.
