For centuries, people in Boston have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another state or country, they wanted to own a piece of the American dream. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made abundantly clear in two separate reports released earlier this month.

Housing Trends

In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that:

“After two years of no change, the share of Americans who say that homeownership is part of their personal “American Dream” ticked up from 72 percent to 73 percent of Americans.”

 

Aspiring Home Buyer’s Profile

At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained:

“For both homeowners and non-homeowners alike, homeownership is strongly considered a part of the American Dream. For non-owners, roughly 75 percent reported that homeownership is part of their American Dream. For owners, nine in 10 believe it is part of their American Dream.”

Boston Real Estate and the Bottom Line

The belief among the vast majority of Bostonians, whether they rent or own, is that purchasing Boston condos for sale still remains a major step toward accomplishing the American Dream.