How America Views Homeownership Survey

Highlights from 2016 Wells Fargo Survey

By Jeff Sorg, OnlineEd Blog

(June 9, 2016) – Homeownership is still part of the American dream, and people think now is a good time to buy, according to a recent Wells Frago Survey.

  • 93% agree: Homeownership is an achievement to be proud of.
  • 86% agree: Homeownership is a dream come true.
  • 74% agree: Right now is a good time to buy a home.

Proportion of respondents who are considering buying a home in the next two years (answered“Definitely will,” “Probably will,” or “Maybe”):

  • Millennials (Ages 18-34): 58%
  • African Americans:
  • 51%Hispanics:
  • 47%General population: 38%

“Definitely will” or “probably will” buy a home in the next two years:

  • Millennials (Ages 18-34): 40%
  • Hispanics: 33%
  • African Americans: 30%
  • General population: 22%

View and download the entire survey here.


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About Jeff Sorg

Jeff Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses. Sorg is awarded the International Distance Education Certification Center's CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), REEA (Real Estate Educators Association) the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus; Life Member award; 2020, 2021, 2022 Chairperson of the Oregon Real Estate Forms Committee; Oregon REALTORS State Director. More on request.