Amid rising home prices, increasing home sales, and falling delinquencies and foreclosures, more than 1 in 4 consumers (27 percent) feel more positive about homeownership than they did six months ago, compared with 19 percent who report feeling more negative, according to Trulia’s American Dream survey. Harris Interactive conducted the online survey on behalf of Trulia among 2,083 U.S. adults, age 18 and over, between November 15 to 19, 2012.
According to the survey, 31 percent of today’s renters plan to buy a home in the next two years—a 9-point increase from 22 percent in January 2011. However, some Americans remain skeptical about owning a home. Nearly three-quarters of consumers (72 percent) said homeownership is part of their personal American Dream, which remains below February 2009 and January 2010, when 76 percent and 77 percent, respectively, agreed with this sentiment.
Despite coming of age through the years of boom and bust, millennials (18-34 year olds) haven’t completely written off homeownership. In fact, 72 percent of these young adults say homeownership is part of their personal American Dream – the same as the adult population overall. Among renters in this age group, 93 percent plan to purchase a home some day. Meanwhile, 43 percent of young adults are homeowners already.
