Homeownership Remains the Top American Dream for Younger Generations

The concept of the American Dream varies for each individual, but a recent Bankrate survey reveals that for many, owning a home remains a fundamental aspect of this dream (refer to the accompanying graph):

Owning a home, as indicated by the graph, ranks higher in importance than retiring comfortably, having a successful career, or obtaining a college degree. But does this aspiration of homeownership resonate with the younger generations?

A study conducted by 1000watt focuses on the attitudes of Gen Z and millennials—often perceived as the generations more inclined towards renting—towards owning a home. The study inquires about their future home-buying intentions, and the overwhelming response is affirmative (refer to the graph below):

The preference for homeownership over renting is multifaceted. According to the same 1000watt survey, 63% of Gen Z and millennials feel that a place doesn’t truly become a “home” until it’s owned. Perhaps you share this sentiment.

This emotional connection is further highlighted when examining why these younger generations aspire to homeownership. Beyond the financial advantages, it often boils down to the lifestyle and emotional benefits of owning a home (see the graph below):

Implications for You If you’re a Gen Z or millennial individual who is prepared and eager to buy a home, partnering with a skilled real estate agent is crucial. Their knowledge and expertise in the local market can be invaluable in navigating challenges like high mortgage rates, limited housing inventory, and escalating property prices, helping you find your first home and make your dream a reality.

Collaborating with a local real estate agent is a significant step towards achieving the American Dream of homeownership.

Bottom Line

Purchasing a home is a significant milestone that lies at the heart of the American Dream. If you’re aiming to fulfill this goal, connect with Countryside Homes NJ and RE/MAX Select, and let’s begin the journey today.

Client Testimonials for Countryside Homes NJ

At Countryside Homes NJ and RE/MAX Select, we pride ourselves on delivering exceptional service to our clients. But don’t just take our word for it—read what our satisfied customers have to say. From first-time homebuyers to seasoned real estate investors and new home builders, our clients appreciate our dedication, expertise, and commitment to their success. Here are some of their stories.

David R. New Homeowner

Collaborating with Keith LaBrunda and Heather Montalbano from Countryside Homes NJ and RE/MAX Select streamlined the home-buying process for me. They were attentive to my needs and preferences, ensuring they understood exactly what I was seeking in a home and what was within my financial comfort zone. Keith and Heather provided invaluable assistance during the offer stage, sharing insightful details that enabled me to place a successful bid on my desired property. They recommended associates to assist me with securing a mortgage, conducting home inspections, and acquiring homeowner's insurance. Post-purchase, they continued to be a resource, suggesting local companies to contact for internet, water, waste management, oil, and other essential services. The experience of purchasing a home with Keith LaBrunda and Heather Montalbano was seamless and enjoyable.

Rachel and Andre First Time Homebuyer

As first-time homebuyers, the process of finding and purchasing a home felt daunting. But from the moment we reached out to Heather and Keith at Countryside Homes NJ and RE/MAX Select, our worries were put to rest. Their team was incredibly patient, answering all our questions and guiding us through every step. They took the time to understand our needs and preferences, ensuring that we found the perfect home in a neighborhood we love. We were especially impressed by their vast knowledge of the local market and their commitment to ensuring we got the best deal possible. We can't thank them enough for making our dream of homeownership a reality. If you're in the market for a new home, we highly recommend Heather and Keith at Countryside Homes NJ and RE/MAX Select. They truly go above and beyond for their clients!

Prestia Family New Homeowners

From the moment we began our home search, Heather at Countryside Homes NJ and RE/MAX Select stood out as the epitome of professionalism and dedication. Her team's in-depth knowledge of the Rockaway Borough area and their unwavering commitment to our needs made our home buying journey not only smooth but truly enjoyable. As new homeowners in Rockaway Borough, NJ, we can confidently say that choosing Heather at Countryside Homes NJ and RE/MAX Select was the best decision we made. Her expertise, patience, and genuine care for our family's needs transformed what could have been a stressful process into a memorable and joyous occasion. We are beyond grateful for her support and would highly recommend her and her team to anyone looking to find their dream home. Thank you for turning our dreams into reality!