What does the American Dream mean to you? When asked of most people it usually includes owning a home of their own. A new quarterly consumer survey released by the National Association of REALTORS® reports that young renters expect to own their personal home one day.
Survey Results Reveal Future Home Buyers
The survey from the National Association of REALTORS® reveals that 94 percent of current renters identifying themselves as 34 years old and younger saw themselves as home owners someday. Renters with a true desire to move out of their current situation and into a new home numbered 83 percent, while 77 percent of respondents claimed that their vision of an American Dream definitely included owning a home of their own.
According to Chief Economist Lawrence Yun with the National Association of REALTORS® these results prove that owning a home is an integral part of these individuals’ personal goals.
The reason most respondents gave for:
Not currently owing a home:
- 53 percent cannot afford to purchase a home
- 19 percent require flexibility between renting and owning
Owning a home in the future:
- 33 percent believe lifestyle changes will lead them there, such as marriage, having children or retiring
- 26 percent predict improved finances
The most appealing aspects of homeownership:
- 36 percent saw it as a place to raise a family
- 26 percent noted it as a personal goal
- 14 percent wanted it as part of their retirement nest egg
The survey proves that home ownership is still as important to millennials as is has been for generations before. This age group of respondents were quite optimistic about their future. The economic and social situations that have been affecting the nation and the global economies have hindered the younger age groups from moving into the real estate markets, including Port St. Lucie homes for sale.
Port St. Lucie Homes for Sale
One area that is ripe for renters wanting to move out of their rental properties and into their own homes is Port St. Lucie. Homes for sale. Starting as low as $14,000 to luxury homes in the millions of dollars, there are so many real estate options available in Port St. Lucie. Homes for sale in this moderately sized city that has been ever growing along the Treasure Coast of Florida is a fantastic buy for first time home owners.
The variety of home choices also will appeal to the varying and distinct aesthetics and desires of the area’s demographics. From barrel tile roofs, roman tubs, and 2 story residences to 1 story homes, marble floors, and acres of property on the outskirts of the city, on the waterfront or golf course, all of these and more choices are available.
Port St. Lucie homes for sale are sure to increase in value, making them an excellent financial investment now and in the future.
See What’s Available in Port St. Lucie Homes for Sale Now!
Take a look through the most recent listings at the Berkshire Hathaway HomeServices Florida Realty.
