Grab your popcorn and get ready for some real estate drama mixed with a dash of skepticism and a sprinkle of optimism. The question were looking at today: Is owning a home more than just an Instagram-worthy hashtag for younger buyers?
It’s true that everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey, 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:
In fact, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. Surprising, no? But just a reminder that the real question here is if the dream of homeownership still alive for younger generations?
Cue Jeopardy music!
Are younger buyers are ready to settle down or are they still busy swiping left on commitment. Will they be wooed by the allure of a cozy home? Or do they prefer the freedom of renting with no strings attached?
Survey says (literally) Gen Z and Millennials want to buy a home in the future. The resounding answer (by a huge margin) is yes:
There are plenty of reasons why someone might prefer homeownership to renting. The same survey shows, that for 63% of Gen Z and millennials, it’s that your place doesn’t feel like “home” unless you own it – maybe you feel the same way.
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 homeownership provides, in most cases it’s about the lifestyle or emotional benefits:
What Does This Mean for You?
If you’re a part of Gen Z or are a millennial and you’re ready, willing, and able to buy a home, you’ll want a great real estate agent by your side. Their experience and expertise in the local housing market will help you overcome today’s high mortgage rates, low inventory, and rising home prices to find your first home and turn your dream into a reality.
Bottom Line
Buying a home is a big, important decision that represents the heart of the American Dream. If you want to accomplish your goal, let’s connect to start the process today.
Anytime between “now” and “right now” is a good time to take action on shaping your best life, and that includes where you live. Let’s get the ball rolling on your next steps.
(702) 374-6807. Or drop me a line here.
