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.

###

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered trademark of Harlow Spaan and Jeffrey Sorg