Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream.
A recent survey by Bankrate reveals exactly that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops the list, surpassing other significant milestones such as retirement, having a successful career, and more (see below):
So, why is buying a home important to so many today? One reason is the financial and physical security it provides. Many people see homeownership as a way to reduce stress because owning a home with a fixed-rate mortgage stabilizes what is likely their largest monthly expense.
Another factor is the potential for building wealth. That’s because, over time, homeowners gain equity as they pay down their mortgage and as home prices appreciate, leading to longer-term financial stability.
But what about the responsibilities that come with owning and maintaining a home? According to a survey by Entrata, only 23% of renters feel homeownership is too much work, indicating the majority are open to the commitments and obligations that come with being a homeowner.
What Does This Mean for You?
While buying a home today might seem daunting due to higher mortgage rates and rising home prices, the long-term benefits can make it worthwhile. If you’re considering homeownership, remember that it's more than just a financial investment — it's a step toward securing your future.
Bottom Line
Owning a home is a significant and powerful decision that represents a big part of the American Dream. If you’re ready to take this step let’s connect so you have someone who can guide you through the process and help you make your homeownership goals a reality.
Triangle Experts are renowned real estate professionals who call Raleigh, North Carolina, home. Celebrated for the outstanding client service and exceptional real estate transaction expertise.
Triangle Experts distinguished achievements include receiving the prestigious WRAL Best Realtor award twice and earning the esteemed title of Best of Zillow. Guided by the mission to "Make Extraordinary Moves," Triangle Experts uphold a commitment to excellence within the real estate industry. Always enthusiastic about connecting with new clients and aspiring team members, Triangle Experts offer a chance to collaborate with top professionals in Raleigh's real estate sector. Whether you're buying, selling, or seeking insights into the Raleigh real estate market, reach out to Sharon Evans of the Triangle Experts today for the expert guidance.
