No more American Dream? Housing market strains buyers and owners.
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A recent survey by The Harris Poll found that many Americans believe the dream of homeownership is slipping away due to high costs and challenges. The survey revealed that 68% of respondents feel that homeownership is less of a goal and more of a privilege, with younger generations being more pessimistic about their ability to afford a home.
The American dream of homeownership is becoming increasingly difficult to achieve. A recent survey found that many Americans are struggling with high housing costs and challenges. The survey revealed that 68% of respondents feel that homeownership is less of a goal and more of a privilege. Younger generations are more pessimistic about their ability to afford a home, with 73% of millennials and 57% of Gen Zers feeling this way. The main hurdles to homeownership include lack of capital for a down payment, student loan debt, and lack of information or knowledge. Even current homeowners are struggling with surging costs, including utilities, property insurance, and routine maintenance.
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