Homeownership Will Always Be a Part of the American Dream

This past weekend we celebrated Labor Day and 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. On Labor Day we celebrated the workers that make this country a place where those dreams can become a reality.

According to Wikipedia, Labor Day...
"  It honors the American labor movement and the power of collective action by laborers, who are essential for the workings of society."

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,

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. There is an increase in the desire to buy in the last year where 84% of non-owners in Q4 of 2018 that want to own a home, a 11% increase from the Q1 of 2018.

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!