Stylecraft's Blog

Wednesday, December 11, 2013

Chicken Little is Wrong-Homeownership Still the American Dream















After the harrowing challenges experienced by so many homeowners over the last few years, many housing experts had predicted that the belief in homeownership as a major element of the American Dream would soon die. There is now conclusive evidence that these experts were wrong. As reported back in September, The Joint Center of Housing Studies at Harvard University completed a study which concluded:

“The long term cultural preference for owning seems to have weathered the recent housing crisis.”
Now, a second source recently announced similar results. Fannie Mae just released their National Housing Survey of Delinquent Mortgage Borrowers. The survey asked questions about the value of homeownership to the most sensitive of all groups – those delinquent on their mortgages. Here is what they found:

Of those delinquent borrowers:
74% still see homeownership as better than renting when building up wealth
71% still see homeownership as better than renting when saving for retirement
73% still see homeownership as better than renting for overall financial stability
80% still see homeownership as better than renting as an investment plan
70% still see homeownership as better than renting for creating an overall tax strategy

Bottom Line

Homeownership has always been and will always be a crucial piece of the American Dream.

Source: www.KeepingCurrentMatters.com

Post by: Wallick & Volk




Stylecraftbuilders.com

**Stylecraft Builders is an affordable New Home Builder in Central Texas. We are currently building in Brenham, Bryan, College Station, Conroe, Huntsville, Navasota, Killeen and Fort Hood, and Waco, Texas. **

Feel Free to Contact me Tanner Brewster the Online Sales Consultant for Stylecraft Builders:

Cell – 1-866-977-0998

tabrewster@stylecraft-builders.com

stylecraftbuilders.com

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“Welcome to Stylecraft Builders, one of Central Texas’ premier new home builders. Since 1986, Stylecraft Builders has designed and built new homes and communities with its reputation based on integrity, honesty, value and style. With ideal locations in Brenham, Bryan, College Station, Hilltop Lakes, Huntsville, and Waco, come see why we are The “YES!” Builder. Welcome to your New Home.”