{"id":4415,"date":"2023-11-30T13:22:50","date_gmt":"2023-11-30T13:22:50","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2023\/11\/30\/is-owning-a-home-still-the-american-dream-for-younger-buyers\/"},"modified":"2023-11-30T13:22:50","modified_gmt":"2023-11-30T13:22:50","slug":"is-owning-a-home-still-the-american-dream-for-younger-buyers","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2023\/11\/30\/is-owning-a-home-still-the-american-dream-for-younger-buyers\/","title":{"rendered":"Is Owning a Home Still the American Dream for Younger Buyers?"},"content":{"rendered":"

\n

$\"Is$ \n

Everyone has their own idea of the American Dream, and it\u2019s different for each person. But, in a recent survey<\/a> by Bankrate<\/em>, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below<\/em>):<\/p>\n

\u00a0<\/a><\/p>\n\n

In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?<\/p>\n

A recent survey<\/a> by 1000watt <\/em>dives into how the two generations many people believed would be the renter generations (Gen Z and millennials) feel about homeownership. Specifically, it asks if they want to buy a home in the future. The resounding answer is yes (see graph below<\/em>):<\/p>\n

<\/a><\/p>\n\n

While there are plenty of reasons why someone might prefer homeownership<\/a> to renting, the same 1000watt<\/em> survey shows, that for 63% of Gen Z<\/a> and millennials, it\u2019s that your place doesn\u2019t feel like \u201chome\u201d unless you own it \u2013 maybe you feel the same way.<\/p>\n

That emotional draw is further emphasized when you look at the reasons why Gen Z and millennials want to become homeowners. For all the financial benefits<\/a> homeownership provides, in most cases it\u2019s about the lifestyle or emotional benefits<\/a> (see graph below<\/em>):<\/p>\n

\u00a0<\/a><\/p>\n\n

What Does This Mean for You?<\/strong><\/h4>\nIf you\u2019re a part of Gen Z or are a millennial and you\u2019re ready, willing, and able to buy a home<\/a>, you\u2019ll want a great real estate agent by your side. Their experience and expertise in the local housing market will help you overcome today\u2019s high mortgage rates<\/a>, low inventory<\/a>, and rising home prices<\/a> to find your first home and turn your dream into a reality.<\/p>\n
Working with a local real estate agent to find your dream home is the key to unlocking the American Dream.<\/strong><\/p>\n
Bottom Line<\/h3>\nBuying a home<\/a> is a big, important decision that represents the heart of the American Dream. If you want to accomplish your goal, begin by talking to a local <\/span>real estate expert<\/a> to start the process today.<\/span><\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
Everyone has their own idea of the American Dream, and it\u2019s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): […]<\/p>\n","protected":false},"author":1,"featured_media":4416,"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_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}},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-4415","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":[],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2023\/11\/20231130-Is-Owning-a-Home-Still-the-American-Dream-for-Younger-buyers.png?fit=750%2C410&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdz2Zu-19d","_links":{"self":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/4415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/comments?post=4415"}],"version-history":[{"count":0,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/4415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media\/4416"}],"wp:attachment":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media?parent=4415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/categories?post=4415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/tags?post=4415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}