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Homeownership Will Always Be a Part of the American Dream

Homeownership Will Always Be a Part of the American Dream | Simplifying The Market

On Labor Day we celebrate the hard work that helps us achieve the American Dream.

Growing up, many of us thought about our future lives with great ambition. We drew pictures of what jobs we wanted to have and where we would live as a representation of a secure life for ourselves and our families. Today we celebrate the workers that make this country a place where those dreams can become a reality.

According to Wikipedia,

“Labor Day honors the American labor movement and the contributions that workers have made to the development, growth, endurance, strength, security, prosperity, productivity, laws, sustainability, persistence, structure, and well-being of the country.”

The hard work that happens every day across this country allows so many to achieve the American Dream. The 2019 Aspiring Home Buyers Profile by the National Association of Realtors (NAR) says,

“Approximately 75% of non-homeowners believe homeownership is part of their American Dream, while 9 in 10 current homeowners said the same.”

Looking at the number of non-owners, you may wonder, ‘If they believe in homeownership, why haven’t they bought a home yet?’. Well, increasing home prices and low inventory can be part of the reason why some haven’t jumped in, but that does not mean there is a lack of interest. The same report shows the increase in the desire to buy in the last year (as shown in the graph below):Homeownership Will Always Be a Part of the American Dream | Simplifying The MarketAs we can see, there are more and more people each quarter who want to buy a home. The good news is, as more inventory comes to the market, more non-homeowners will be able to fulfill their dreams. Finally, they’ll be able to move into that home they drew when they were little kids!

Bottom Line

If you’re a homeowner considering selling, this fall might be the right time, as there are buyers in the market ready to buy. Let’s get together to determine how you can benefit from the pent-up housing demand.


Source: KMC

Posted in: First Time Home Buyers, For Buyers, For Sellers Tagged: Real Estate

© Margo Borkin Real Estate 2010

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Margo Borkin Real Estate

21 hours ago

Margo Borkin Real Estate

Now available in #westbloomfield
Check it out: mbre.info/6265
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Now available in #WestBloomfield
Check it out: https://mbre.info/6265
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Margo Borkin Real Estate

1 day ago

Margo Borkin Real Estate

Are January and February good months to sell? Yes! Yes! A 1000x YES! Here’s why:⁣
⁣
1. You’ll face less competition.⁣
2. You’ll get lots of attention from buyers’ agents.⁣
3. With rock-bottom interest rates, buyers are ready to purchase.⁣
4. Your home is still shining after the holiday rush.⁣
5. You’ll enjoy a quick closing.⁣
⁣
Online searches for “buying a home” peak in January and February so if you’re thinking of selling, try to get in front of the action. Need a realtor who knows our area to help? Send me a message -- I can't wait to hear from you!
... See MoreSee Less

Are January and February good months to sell? Yes! Yes! A 1000x YES! Here’s why:⁣
⁣
1. You’ll face less competition.⁣
2. You’ll get lots of attention from buyers’ agents.⁣
3. With rock-bottom interest rates, buyers are ready to purchase.⁣
4. Your home is still shining after the holiday rush.⁣
5. You’ll enjoy a quick closing.⁣
⁣
Online searches for “buying a home” peak in January and February so if you’re thinking of selling, try to get in front of the action. Need a realtor who knows our area to help? Send me a message -- I cant wait to hear from you!
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Margo Borkin Real Estate

2 days ago

Margo Borkin Real Estate

If you’re looking to buy or sell this winter or spring, never trust a decaffeinated agent! I’d love to guide you every step of the way. Give me a shout and let’s connect soon!⁣ ... See MoreSee Less

If you’re looking to buy or sell this winter or spring, never trust a decaffeinated agent! I’d love to guide you every step of the way. Give me a shout and let’s connect soon!⁣
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