“The rumors of my death are greatly exaggerated.”
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.
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.
Author: Monica Foster
"Love your work and you'll never work a day in your life" . . . for me, that statement says it all. I love what I do, helping others achieve their real estate goals with honesty, integrity and responsiveness. I am not just a real estate agent, I am a BROKER Associate, Certified Residential Specialist, Accredited Buyer Representative, Certified Home Marketing Specialist, Certified New Homes Specialist, Certified Distressed Property Expert, and Certified Negotiation Expert with RE/MAX Space Center and a REALTOR® - a member of the National Association of Realtors (NAR). This means I work to a higher standard of education and professionalism that translates to an extra level of service for my clients. I closed over 100 transactions in 2013 and have received the Five Star Real Estate Agent award, a honor bestowed upon 7% of area realtors. Also, I have been featured in Forbes Magazine, Top Agent Magazine, Homes and Land Magazine, and I received the RE/MAX Hall of Fame award for career production. I also like to give back to the community and help others. I am a frequent contributor and sponsor for various charities including the Homes for Heroes Foundation, Communities in Schools Bay Area, March of Dimes, Children's Miracle Network, Kid's Wish Foundation, Susan G. Komen Foundation, Happy Hill Farm Academy, and the Make-A-Wish Foundation.
