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According to a survey by JPMorgan Chase, it very much still is. Not only do Americans dream of owning their homes one day, but they are also working towards it. This survey reports that 66% of Americans believe home ownership to be a good financial investment, while 75% say that it's also a crucial part of raising a family. Whew! Many analysts and critics alike deemed this generation the "end of homeownership" era. There have been fears that young Americans, in particular, may be disenchanted with the idea of pursuing home ownership. However, it seems that no matter what the circumstances, the American Dream still holds to be a true and justified goal for many people. In comparison to previous results, the number of potential first-time home buyers who believe they are able to invest over the next 6 months nearly doubled. "First-time home buyers are crucial to the housing market and the overall economy—and to their communities," says Kevin Watters, CEO of mortgage banking at JPMorgan Chase. "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."

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Jim DeRentis
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  • Providence Office 140 Wickenden Street Providence RI 02903
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