The National Association of Realtors (NAR) just released the first edition of their Housing Opportunities and Market Experience Survey (H.O.M.E.). NAR explained that the report covers:
“…core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream…”
The study revealed that almost 90% of households of all income levels and ages agree that home ownership is alive and well as part of the “American Dream.”
These findings should not be surprising with home values returning to pre-recession values in most parts of the country.
Countless families and individuals who “qualified” for sub-prime and no-doc loans could no longer afford to pay their mortgages.
Some simply refused to pay their home’s out-sized mortgage because they were so far under water.
Fortunately, today’s much stronger economy has helped existing home values improve while new lending regulations are helping to ensure that more borrowers can afford the homes they purchase.
So, what do you think?
Is home ownership still part of the American dream?
Do you consider home ownership to be more of an investment or a financial risk?
As a REALTOR, I’ll admit I am biased, but the fact remains that I am proud to be a home owner and I am proud to help others realize the same dream. There is something to be said for putting down roots.
And if pride in ownership isn’t enough, I’d rather build wealth and gain home equity by paying my own mortgage than renting and paying someone else’s.
About the Author:
Jimmy Grappone is a Realtor® living in the Charlotte area for nearly a decade.
His hobbies include fishing, playing golf, watching football, and helping his clients find their way home.
Jimmy is a licensed Realtor® with Allen Tate Company in North Carolina and South Carolina.
He is passionate about helping his clients find their way home!
Twitter & IG: @jimmygrappone