Over two-thirds of Americans believe that owning a home is an essential part of the American dream, according to a new survey released by the National Association of Home Builders (NAHB).
“Americans continue to place a high priority on homeownership and work hard to achieve this goal for their families,” says NAHB Chairman Granger MacDonald.
Other surveys also have shown a high desire for homeownership, despite the homeownership rate remaining stalled near a historical low of 64 percent. About 80 percent of millennials recently surveyed by rental website Apartment List say they hope to one day buy a home.
Housing Market Growth
President of John R. Wood Properties, Joe Mondelli, commented, “It’s been amazing to see and experience the housing market growth on our islands since we opened our doors in 2008.” To us at John R. Wood Properties, entering the Sanibel Island real estate market at the onset of the recession meant that eventually, things could only go up. And they have been––locally and nationally as the industry and economy both continue to stabilize and grow.
Momentum surely is building, and amidst the shifts and changes, Sanibel Island remains a gem in the sand. Whether it’s a well-loved home, new build, or renovation––Sanibel Island real estate is built on a solid foundation.
Source: National Association of Home Builders and “Wannabe Buyers Aren’t Saving Enough,” Realtor® Magazine online
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