{"id":3428,"date":"2022-11-08T11:00:05","date_gmt":"2022-11-08T11:00:05","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/11\/the-majority-of-americans-still-view-homeownership-as-the-american-dream\/"},"modified":"2022-11-08T11:00:05","modified_gmt":"2022-11-08T11:00:05","slug":"the-majority-of-americans-still-view-homeownership-as-the-american-dream","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/11\/08\/the-majority-of-americans-still-view-homeownership-as-the-american-dream\/","title":{"rendered":"The Majority of Americans Still View Homeownership as the American Dream"},"content":{"rendered":"

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$\"The$ <\/p>\n

Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report <\/em>from Mynd<\/em><\/a> found the majority of people polled still view homeownership as a key life achievement. Let\u2019s explore just a few of the reasons why so many Americans continue to value homeownership.<\/span><\/p>\n

The Financial Benefits of Owning a Home<\/strong><\/h4>\nOne possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool<\/a>, and it provides meaningful financial stability<\/a> over renting by locking in your monthly housing payments for the length of your home loan. An article from Forbes<\/em><\/a> explains:<\/p>\n
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\u201cUnderstanding the potential benefits of homeownership helps individuals see the value of owning property instead of renting. . . . household wealth among homeowners is a whopping 1,469% higher on average compared to renters, excluding home equity, making the allure of homeownership even more enticing.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n
Over time, owning a home not only helps boost your own net worth<\/a>, but it also sets future generations up for success as you pass that wealth down. That may be why the Mynd<\/em> report<\/a> also says:<\/p>\n
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\u201cMost Americans (78%) still associate homeownership with the \u2018American dream.\u2019<\/strong> And nearly two-thirds of Americans (65%) see homeownership as a means of building intergenerational wealth.\u201d<\/em><\/p>\n<\/blockquote>\n
The Non-Financial Benefits of Homeownership<\/strong><\/h4>\nWhile the financial benefits of owning a home are important, becoming a homeowner impacts you on a social and emotional level, too. As Mark Fleming, Chief Economist for First American,<\/em> says<\/a>:<\/p>\n
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\u201c. . . buying a home is not just a financial decision. It\u2019s also a lifestyle decision.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n
Your home provides feelings of achievement, responsibility, and more. 3by30<\/em><\/a> highlights the top 10 benefits homeowners enjoy. A few non-financial advantages include:<\/p>\n
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Providing you with more freedom and control over your living space<\/li>\n
Giving you a greater sense of pride<\/li>\n
Helps with community engagement<\/li>\n<\/ul>\n
What Does That Mean for You?<\/strong><\/h4>\nIf your definition of the American Dream involves greater freedom and prosperity, then homeownership could play a major role in helping you achieve that dream<\/a>. While it may feel challenging to buy a home today as mortgage rates<\/a> and home prices<\/a> rise, if the time is right for you, know that there are incredible benefits<\/a> waiting for you at the end of your journey. You\u2019ll have a place you can grow your wealth<\/a>, call your own, and feel most comfortable.<\/p>\n
Like the National Association of Realtors<\/em> (NAR) says<\/a>:<\/p>\n
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\u201c. . . research has consistently shown that homeownership is also associated with multiple economic and social benefits to individual homeowners<\/strong>. Homeownership has always been an important way to build wealth.\u201d<\/em><\/p>\n<\/blockquote>\n
Bottom Line<\/strong><\/h3>\n
Buying a home is a powerful decision and a key part of the long-term dream for many Americans. And if homeownership is part of your dreams this year, let\u2019s connect to start the process today.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Let\u2019s explore just a few of the reasons why so many Americans continue to value […]<\/p>\n","protected":false},"author":1,"featured_media":3429,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t