Homeownership The Cornerstone of the American Dream

Dated: 03/14/2019

Views: 47

Homeownership The Cornerstone of the American Dream

Homeownership is a Cornerstone of the American Dream |MyKCM

“The rumors of my death are greatly exaggerated.”

SOURCE: Guy & Joi McKinney KCM Blog

The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years.

That led to speculation that homeownership was no longer seen as a major component of the American Dream. That belief became so widespread that the term “renters’ society” began to be used by some to define American consumers.

However, the latest report

 by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters.

Homeownership is a Cornerstone of the American Dream |MyKCM

Going forward…

It appears the homeownership rate will continue to increase.

The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtors revealed that 84% of non-owners want to own a home in the future. That percentage increased from 73% earlier last year.

Bottom Line

In the United States, the concept of homeownership as part of the American Dream is very much alive and well.



You might also enjoy reading...

Blog author image

Triple Crown Real Estate Group | Guy & Joi McKinney

Welcome to Our Real Estate Information and Search Site! Triple Crown Real Estate Group is For All Your Real Estate Needs! Our purpose is to help you reach your dreams & goals! After many years of buyi....

Latest Blog Posts

Here's How to Increase Your Famiy's Wealth

Want To Increase Your Family’s Wealth? Here’s How!Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your

Read More

Homeownership The Cornerstone of the American Dream

Homeownership The Cornerstone of the American Dream“The rumors of my death are greatly exaggerated.”SOURCE: Guy & Joi McKinney KCM BlogThe famous quote attributed to Mark Twain can

Read More

Buy A Home in the Spring - 4 Reasons Why

4 Reasons to Buy a Home in the SpringSpring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.1. Prices Will Continue to

Read More

NAR's January 2019 Housing Minute | Triple Crown Real Estate Group

Existing and pending home sales decline in December, while inventory continues to rise. Click Here to Learn moreThe U.S. Economic Outlook (PDF 158KB)This year someone you know will fall in love

Read More