Homeownership Aspirations
Millennials’ Homeownership Aspirations Still Strong
Since the historic U.S. housing bust, there has been much speculation that millennials would lead a permanent shift away from homeownership. The latest U.S. Housing Confidence Survey of 10,000 heads of household–3,095 of whom are of the millennial generation–confirm yet again that renter households headed by 18-34 year-olds continue to have a hearty appetite…
Read MoreRenter Aspirations Bottoming in Boston, Booming in L.A.
The level of housing confidence today can influence economic consumption, and supply & demand for residential real estate tomorrow. This is why it is essential to measure and monitor housing confidence. In any real estate market, aspirations for future homeownership among today’s renters are key indicators of housing confidence. The Homeownership Aspirations Index (HAI)–one…
Read MoreIs Owning a Home Necessary to Live The American Dream?
The majority of households say “yes”, according to the latest U.S. Housing Confidence Survey. However, responses vary considerably by metro area as well as tenure type (i.e., homeowners vs. renters). “Some say that owning a home is necessary to live The Good Life and The American Dream. Do you agree? Or disagree?” (% of…
Read MoreDream On: Renters Aspire to Buy Soon
U.S. Housing Confidence Survey: More than one-third (36%) of all renter respondents say they expect to buy a home within the next two years. Although their optimism is inspiring, the majority of these renters will travel a longer path to homeownership. The 36 percent figure extrapolated to the national level translates to an average…
Read MoreMillennial Renters are High… on Homeownership
Latest U.S. Housing Confidence Survey: almost two-thirds of all millennial renters interviewed say they are determined to own a home someday. Less than one-third of non-millennial renters (i.e., those 35+ yrs old) are so committed.
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