As per survey by JPMorgan Chase, Eighty-seven percent of Americans say that owning a home is something they dream about.

Sixty-six percent of Americans surveyed say that they believe home ownership is a good financial investment. Seventy-five percent say it’s a crucial part of raising a family.

Overall, 56% of consumers believe their finances will improve over the next six months, while only 8% believe they will worsen.

Of those surveyed, 66% believe housing is a good financial investment and 75% see it as a crucial part of raising a family.

“Owning a home is at the heart of most Americans’ dreams,” says Kevin Watters, CEO of mortgage banking at JPMorgan Chase. “And people are saving as much as possible to achieve home ownership.”

First-time home buyers are getting more optimistic about being able to achieve home ownership too. The number of potential first-time home buyers who say they are optimistic about being able to put money down on a home over the next six months doubled in the last six months, compared to previous survey results.

“First-time home buyers are crucial to the housing market and the overall economy—and to their communities,” says Watters. “As families buy their first home, they are investing in their communities and enable other families to move up. That will eventually spur more new construction, generating additional jobs.”

About Vijaianand Thirnageswaram

I am a Proud Realtor of Texas, trying to guide and help clients to find their dream home and educate them to buy them for right price. I am also a Candidate for CFP who has more financial knowledge which allows me share and educate clients in any financial decision making process.

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