Global Real Estate Advisor Jenna Stauffer breaks off her prospects for the 2025 apartment market during the ‘Morning Morning Mary’.
If you think about possessing a house as part of the American dream, you are not alone. Poll Recently published Author Realtor.com showed that many adult Americans hold that belief.
The share of adults in the US that they are still considering ownership of homes To be a component of American dream, it was 75%, according to Realtor.com.
The study included about 2200 adults in the US and took place on the net from 7 to 8 November.
House in the Highlands Issaquah in Issaquh in Washington on Tuesday, April 16, 2024. (Photographer: David Ryder / Bloomberg via Getty Images / Getty Images)
The connection between home -owned ownership and American dreams has been observed the most prominent among baby boomers, 84%, per real estate site.
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Generation X, millennials and generation Z “agree, but to a lesser extent” that possession of the house remains an important aspect of American dream. The study found that 74%, 69% and 67% of these generations reported to hold that belief, Realtor.com said.
Many Americans aim to buy their own home during their lives. Nearly two -thirds of the respondents reported that the feat “life goal”, according to a survey.
According to the Federal Bank of St. Louis, the ownership rate of US houses hovering at 65.6% of the third quarter of 2024.
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In a research by Realtor.com, half of adults of Americans claimed they had to become the owner of the house to “achieve long -term wealth. “
83% of Americans believe that the ownership of the house is an essential turning point: Survey
Of the generations, the millennials have reported that this belief attributed the highest, 53%, a poll. A similar share of the gene Z Americans – 52% – he did.
“Home and Earth, ownership was a part of American dream For generations, while the current conditions of accessibility and availability of homes make the property more challenging, many Americans still see this ideal to have a home that belongs to them as a key stone of the foundation and the American dream and the creation of long -term wealth for them and their families, “she said in a statement Realtor.com Vice President for Laura Eddy’s research and insights.
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Bullish feelings for the feasibility to become the homeowner in person have reported 59% of Americans, according to the research. In the meantime, 20% “a little” or “strong” did not agree with the idea that it was “achievable”.
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Houses in the United States Sold for a Middle of $ 427,670 in December, marking a jump of 6.3% at the same time in the previous year, according to a 17. January Redfin Report. More than 1.7 million homes have been on the market since that month.
Demand for home customers “was helped at the end of the year because the mortgage rates jumped,” Redfin said.
More recently, 30-year-old fixed mortgage rate On average, he reached 7.04% of the week of January 16, according to Freddie Mac. This indicated an increase of 0.11 percentage points compared to the previous week.
