There has been some who have been voicing doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A recentstudybyMerrill Lynchputs that doubt to rest. According to their research, every living generation still maintains that owning a home is in fact important. Here are the numbers:
This should not surprise us as many studies have revealed the benefits enjoyed by the families who own their own home. One suchstudywas done by theJoint Center of Housing Studies at Harvard Universitythat addressed a major financial benefit to owning your own home: forced savings. The report explains:
“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”
TheMerrill Lynchstudy proves this point with the following data on home equity (a form of savings):
There are many reasons that owning a home makes sense. The financial reasons are powerful. As one participant in theMerrill Lynchstudy put it:
“When I was younger, I always worried about that monthly mortgage payment. Now that I am retired, I have the peace of mind of knowing I own my home free and clear.
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
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