Survey shows homeownership is still the American Dream

Overall, more than half of consumers polled say homeownership. achieving the American Dream as a primary motivation for purchasing their first home. "There’s no denying buying a home is a pivotal.

It seems that Americans are continuing to dream of homeownership, at least according to JPMorgan Chase’s recent survey. A total of 87% of those surveyed said owning a home is something they dream about. "Owning a home is at the heart of most Americans’ dreams," said Kevin Watters, CEO of mortgage banking at JPMorgan Chase.

A new poll from the First National Bank of Omaha shows that 79% of respondents said that homeownership is part of the American Dream including 73% of Millennials, 81% of Gen-Xers, and 84% of Baby.

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Lenders and government agencies have loan programs in place to help people realize the American dream of homeownership, even.

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Homeownership has long been the American Dream. money away on rent. Still, 46% of millennials do hope to buy a home within the next four years. At the same time, however, many are apprehensive.

Missing millennial homeownership endangers the American Dream. As the report makes clear, that’s due to a lot of complex factors. Millennials are more racially and ethnically diverse than earlier generations, and minority households are much less likely to own homes than whites are. Also see: For Black History Month,

NAHB data shows. phase of its american dream project, which have already sold out. It is now building about 140 more, to be completed in late summer or early fall. [One answer to the lack of.

 · BREAKING DOWN ‘American Dream’. For example, the Federal Reserve’s Survey of consumer finances show that in 2016, the top 10% of the income distribution got roughly a quarter of all income and held more than three-quarters of all wealth.

Homeownership: Still the American Dream by The KCM Crew on August 16, 2011 in For Buyers, They survey the American public on a multitude of questions concerning today’s housing market.. However, the study shows that the four major reasons a person buys a home have nothing to do with.

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Even as the aftermath of the housing crisis continues to show in the market, a new survey. homeownership among millennials, all age ranges have their own reasons to be reluctant, Buhrmann says..