89% Surveyed Believe Home Ownership is Important; 64% Believe it is Attainable.

89% Surveyed Believe HomeOwnership is Important; 64% Believe HomeOwnership is Attainable.

Achieving The American Dream.

Owning your own home has historically been a dream for most Americans.  However, the percentage of people renting is currently at a statistical high, but the tables seem to be turning for many who are feeling it is important to buy a home for themselves and/or their families.

89% (eighty-nine percent) of Americans, surveyed by Country Financial Security Index, believed that homeownership is key to achieving the American Dream.  This figure varies, but remains relatively and consistently high.  Most people would love to own their own home, rather than pay rent.

Achieving The American Dream is Possible.

Further, 64% (sixty-four percent) of those asked, in that same survey, thought homeownership is more attainable than they had previously believed in recent years, following the real estate and economic downturn of 2008.  

Last year less than half of the U.S. population believed average-income families could afford or qualify to buy a home.  That number is up considerably.

The Only Constant is Change.

What a difference a year makes, as the economy continues to show clear signs of growth and recovery.  While it is not true for all, most Americans are feeling at least somewhat, if not a lot, more secure in their homes, their careers, and with their finances.

It is virtually impossible to time the real estate market or the stock market.  The ideal objective is to buy low and hold, or to buy low and sell high.  

The other side of this is you and/or your family needs a home, and you can choose to continue to pay your landlord's mortgage payments with your monthly rent or you can pay down, and eventually pay off your own mortgage.

Greener Pastures.

My clients have often heard me compare people considering buying real estate to cows - if no cow is going out to pasture, then no cows will go out of their safe yard to the pasture.



Taking that analogy further down the country road, when one, or a few cows, starts to head out, most or all the others are certain to follow them to greener fields.





Read related articles:

Housing Crisis Didn’t Shake Most Americans' Confidence

Home Ownership is the Foundation of the American Dream

Mark Harbaugh, J.D. - Broker DRE #: 01245275 Office 619-246-2860 markonthemark@gmail.com HARBAUGH HOMES