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80 Percent of Renters Believe Homeownership is a Part of Their American Dream

According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing that an increase in rent will be the catalyst that pushes them to consider buying a home vs. renewing their lease.

So, what is holding renters back?

80% of Renters Believe Homeownership is a Part of Their American Dream | MyKCM

What would make renters take the plunge?

80% of Renters Believe Homeownership is a Part of Their American Dream | MyKCM

NAR’s Chief Economist, Lawrence Yun believes that,

“Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth and the strengthening economy will push incomes higher.”

Yun goes on to warn that,

“However, with prices and mortgage rates also expected to increase, affordability pressures will persist. That is why it is critical for much of the country to start seeing a significant hike in new and existing housing supply. Otherwise, many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.”

Bottom Line

If you are one of the many homeowners whose houses no longer fit their needs and are looking to move up to your dream home, now is a great time to list your starter home! First-time buyers are out in force looking to achieve their American Dream.

Get the info that you want - right now!

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About Area

Blairsville, Georgia is a small mountain town in the Appalachian Mountains. For many people who live in larger cities, these mountains provide a simple escape from life’s daily stresses. Stunning scenery among Northeast Georgia’s gentle peaks and beautiful creeks and rivers makes this region a natural paradise. Encompassing nearly two-thirds of Blairsville, the Chattahoochee National Forest has winding trails that lead visitors through scenic mountains, rushing rivers, and cascading waterfalls. This is where you can step back in time with nature and walk where the Cherokee Indians once lived. There are many different and beautiful settings for cabins in Blairsville. Creeks and rivers flow all through the area, and the banks make for a peaceful and fun home site, where you can sit and listen to the water flowing over rocks, or even try your luck at catching a native brook trout in your own back yard. If you prefer a mountain view, they are abundant here, and the Chattahoochee National Forest ensures that the majority of the neighboring land will remain untouched and serene, so your mountain view will remain a mountain view, not an adjacent home view. If your plan is to move to Blairsville permanently, the school system is among the top ranked in the state, with a graduation rate much higher than average, and the hospital is new and state of the art. If you’re looking for a vacation or investment property, the rental cabin business is booming in Blairsville. No matter your wishes, the experienced agents at Century 21 Scenic Realty will be able to guide you in your journey. Our goal is to ensure your complete satisfaction, and we are confident in our ability to do just that.

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