Cornerstone of the American Dream - Home Ownership!

Dated: 03/14/2019

Views: 1

“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.

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.

Blog author image

Norfleet "Ranny" Welton

Ranny grew up in the construction and real estate arena and then spent 30+ years in the corporate world specializing in distribution and logistics, primarily in the retail industry. Several corporate....

Latest Blog Posts

Credit Score - What Do You Need To Buy A House?

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a

Read More

Here's How To Increase Your Family’s Wealth!!

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a

Read More

Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

Some Highlights:Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018.Take advantage of more inventory coming to market in the spring to find your dream home

Read More

Cornerstone of the American Dream - Home Ownership!

“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

Read More