If you need assistance, please call 317-590-2901

Homeownership Remains the American Dream

Tuesday, September 5, 2017   /   by Carlos J Higareda

Homeownership Remains the American Dream

Homeownership remains the number one accomplishment of achieving the American dream, according to the 2017 Hearth State of the American Dream Report, based on a survey of 2,000 Americans.

The consumers surveyed said the most important elements of the American dream are:
#1. Owning a home I love (19%)
#2. Affording rent and living expenses without hardship (15%)
#3. Starting a family (14%)
#4. Finding a fulfilling career (14%)
#5. Sending my child to college (10%)
#6. Building retirement savings (9%)
#7. Being able to afford luxuries (7%)
#8. Owning a car (5%)
#9. Earning more than my parents (social mobility) (3%)
#10. Owning a pet (2%)

However, Americans fear that portions of their American dream may be slipping away, according to the survey conducted by Hearth, a “fintech” startup that helps homeowners make financial decisions during renovations. Fewer than one in five Americans surveyed say they are fulfilling their American dream. Eighteen percent said they are fully living the American dream, while 36 percent say they are living only parts of it and 28 percent say it’s within reach.

Forty-nine percent of millennials surveyed who were renting their home said that owning a home was crucial to them. Ninety-four percent of the millennials surveyed said that homeownership is important to achieving the American dream, with 55 percent saying owning a home they love is “very important.”

Ninety-seven percent of homeowners surveyed believe renovations are an important part to the American dream. Fifty-five percent of homeowners said owning a home they love is crucial, but only 3 percent believe they could achieve an American dream home without a renovation, according to the survey.

Overall, the top three U.S. states for consumers who say they are living the full American dream are Wyoming (40%), Delaware (38%), and Colorado (36%).

Source: “The State of the American Dream,” Hearth (August 2017)

eXp Realty
Carlos Higareda
719 Virginia Ave, Suite 101
Indianapolis, IN 46203
317-590-2901
317-881-3700

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2020 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This site powered by CINC: www.cincpro.com