{"id":8202,"date":"2023-11-30T16:00:00","date_gmt":"2023-11-30T16:00:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/is-owning-a-home-still-the-american-dream-for-younger-buyers\/"},"modified":"2023-11-30T16:00:00","modified_gmt":"2023-11-30T16:00:00","slug":"is-owning-a-home-still-the-american-dream-for-younger-buyers","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/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":"
\"Is<\/p>\n

Everyone has their own idea of the American Dream, and it’s 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

<\/p>\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

<\/p>\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

<\/p>\n

What Does This Mean for You?<\/strong><\/h4>\n

If 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>\n

Buying 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

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Everyone has their own idea of the American Dream, and it’s 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":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[110,874,98,99,102],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nIs Owning a Home Still the American Dream for Younger Buyers? - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/is-owning-a-home-still-the-american-dream-for-younger-buyers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Owning a Home Still the American Dream for Younger Buyers? - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Everyone has their own idea of the American Dream, and it’s different for each person. 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