{"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":"
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 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 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>\nWhat Does This Mean for You?<\/strong><\/h4>\n
Bottom Line<\/h3>\n