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Owing a home is still a dream in America

Written by Lisa Martinez|Friday, 16 December 2011 07:05

US housing market has been undergoing many historic problems such as record foreclosures, tight credit for buyers and tumbling values a new Yahoo Real Estate survey of present and hopeful homeowners indicates that owning a home is still a major part of the American dream.

But owning a dream house does not means that it has to be a big Mansion, it means an energy efficient house made up of "sustainable" materials that yield a lower carbon footprint, or more correct to say it is a house remolded with energy-efficient appliances and eco-friendly home products. The Yahoo Home Horizons 2012 study, revealed on the Web in October, is mapped to the American inhabitants of homeowners, consumers, sellers and renters and 4 out of 5 of those polled in a Yahoo! Real Estate study of 1,545 U.S. adults say that owning a house is still a part of the American dream.

Still a Dream!
US housing market has been undergoing many historic problems such as record foreclosures, tight credit for buyers and tumbling values showing that owning a home is still a major part of the American dream.

The study finds that confidence about homeownership is prevalent despite the massive recession that has so far stated six million homes in banks foreclosure and threatens to sink even more in the future. Yet, given the record inventory and dropping housing prices, buyers understand that their dream home is more achievable. In the study, 72% of homeowners and renters believe that they live in their dream home, or it will be their next home, or they will own it someday.

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