A lot of people don't even dare to dream. Some others dream but nothing much happens with those dreams. But the ones who generally realize their dreams are those people who let their visions shape and make their lives. They don't make the vision but rather the vision makes them into what they need to be to realize that vision.
The
American dream of home ownership is alive and well even after the battering
prices and budgets took during the housing crisis, according to a survey by
Chase. A total of 87% of respondents said owning their home is something they
have always wanted.
“Owning a
home is at the heart of most Americans’ dreams,” said Chase Mortgage Banking
CEO Kevin Watters. “And people are saving as much as possible to achieve home
ownership.”
While 66%
believe housing is a good financial investment, 75% see it as an important part
of raising a family.
“Owning a
home will not only give my husband and me pride and roots, but it will also
bring pride in my children and respect from my friends and family,” said one
respondent.
Potential
home buyers are gaining confidence. Compared to six months ago, nearly twice as
many potential first-time buyers are optimistic about being able to save for a
down payment over the next six months.
Overall,
56% of consumers expect their finances to improve over the next six months
while only 8% expect them to worsen.
“First-time
home buyers are crucial to the housing market and the overall economy — and to
their communities,” Watters said. “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.”
Other
survey findings include:
• Twice as many consumers who refinanced plan on
spending more over the next six months than those who did not refinance.
• 68%
of renters want to own a home, but cite saving money to purchase a home as becoming
increasingly difficult. While pulling together a down payment has always been
challenging, tighter requirements have raised the hurdle.
• 60%
of home owners plan to invest in improving their property in the next year. *Notes taken from Chase
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