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 is a co-founder of OnlineEd®, an online real estate, mortgage broker, and vocational school founded in 1997, where he also serves as Chief Executive Officer, and School Director. Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses and has been awarded the International Distance Education Certification Center's CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus in the National Association, Life Member award in Portland Metro Association and Chairperson of the Oregon Real Estate Forms Committee. OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.