Americans Still View Homeownership as the American Dream

by Glen Baker

Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide.

A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream. The responses prove owning a home is still important to so many Americans today (see graph below):

As the graph shows, homeownership ranks above other significant milestones, including retirement, having a successful career, and earning a college degree.

A recent report from MYND helps shed light on why so many people value homeownership. It finds:

“. . . nearly two-thirds of Americans (65%) see homeownership as a means of building intergenerational wealth.”

That’s because, when you own a home, your equity (and net worth) grows over time as you pay down your home loan and as home prices appreciate. This can be a key factor in building intergenerational wealth and long-term financial stability.

To further drive home the difference homeownership can make in your life, a report from Fannie Mae says:

“Most consumers (87%) believe owning a home is important to ‘live the good life.’ . . . Notably, significantly more see ‘having less stress’ as a benefit achieved by owning than renting.”

Especially today, this could be because, when you own a home with a fixed-rate mortgage, you stabilize what’s likely your largest monthly expense (your housing cost), and that helps combat the impact of rising costs from inflation.

What Does This Mean for You?

While it may feel challenging to buy a home today with higher mortgage rates and home prices, if the time is right for you, know that when you buy a home, incredible benefits are waiting for you at the end of your journey.

Bottom Line

Buying a home is a significant and powerful choice, embodying the foundation of the American Dream. If you plan to make your homeownership dream a reality this year, take the first step by reaching out to a local real estate expert and start the process today.

GET MORE INFORMATION

Name

Phone*

Email*

Message

Morris Agent Team LLC, operating as RE/MAX Select | Morris Agent Team ("us," "we," "our," or the "Company"), respects your privacy and is committed to protecting the personal information you share with us through www.morrisagentteam.com and our related services (the "Services"). This Privacy Policy explains what information we collect, how we use it, how we share it, and the choices available to you.

Information We Collect
We collect information you provide directly to us — such as your name, email address, phone number, and property preferences — when you register, submit a contact or inquiry form, save searches or listings, or otherwise communicate with us. We also automatically collect certain technical information (such as IP address, device type, and usage data) when you use the Services.

How We Use Your Information
We use your information to provide and improve our real estate services, respond to your inquiries, send you the listings and updates you request, communicate with you about properties and transactions, and comply with our legal obligations.

How We Share Your Information — No Sale or Sharing for Third-Party Marketing
We do not sell, rent, or trade your personal information. We do not share your personal information, including your phone number, with any third parties for their own marketing or promotional purposes. Text messaging originator opt-in data and consent will not be shared with any third parties. We may share your information only: (i) with trusted service providers who perform services on our behalf and are contractually obligated to protect it; (ii) with a mortgage partner if you have expressly indicated you wish to receive mortgage services; (iii) when required by law or to protect our legal rights; or (iv) with your consent.

SMS / Text Messaging
If you provide your phone number and opt in (for example, by checking an optional consent box on one of our forms), you agree to receive calls and text messages from Morris Agent Team LLC regarding real estate services, property inquiries, scheduling, and related communications. Consent to receive these messages is not a condition of any purchase. Message frequency may vary. Message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You may opt out of text messages at any time by replying STOP to any message, and you may reply HELP for assistance or contact us at glenbaker@morrisagent.com. Text messaging originator opt-in data and consent will not be shared with any third parties.

Terms and Conditions
We use SMS to confirm appointments, send reminders, and notify clients of schedule updates or important changes.
You can cancel the SMS service at any time. Just text "STOP". After you send the SMS message "STOP" to us, we will send you an SMS message to confirm that you have been unsubscribed. After this, you will no longer receive SMS messages from us. If you want to join again, just sign up as you did the first time, and we will start sending SMS messages to you again.
If you are experiencing issues with the messaging program, you can reply with the keyword "HELP" for more assistance, or you can get help directly at glenbaker@morrisagent.com.
Carriers are not liable for delayed or undelivered messages.
As always, message and data rates may apply for any messages sent to you from us and to us from you. Message frequency may vary. If you have any questions about your text plan or data plan, it is best to contact your wireless provider.
If you have any questions regarding privacy, please read our privacy policy: https://www.morrisagentteam.com/privacy-policy
Cookies
Our Services use cookies and similar technologies to operate the site, remember your preferences, and analyze usage. You can control cookies through your browser settings.

Your Choices
You may update your communication preferences or request deletion of your account by contacting us. Even if you opt out of marketing messages, we may still send you important transactional information.