A new study from Bankrate.com says homeownership remains a centerpiece of Americans’ financial aspirations. However, they say with record-high home prices high mortgage rates, would-be homeowners are struggling to achieve their piece of the American dream. According to the report, 78% of Americans consider homeownership a key component of the American dream and placed a higher value on it than on any other indicator of economic stability – including a comfortable retirement, a successful career or a college degree.
“Owning a home is still the centerpiece of the American dream, but affordability is the main obstacle to making that a reality.” Said Greg McBride, Chief Financial Analyst for Bankrate.
Click here to read the full report at Bankrate.com.
