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Home Buying in 2015 - Still the American Dream

Home Buying in 2015 - Still the American Dream

Is buying a home still part of the American Dream?

A recent study by Merrill Lynch puts that doubt to rest.

According to their research, every living generation still maintains that owning a home is in fact important. Here are the numbers:




This should not surprise us as many studies have revealed the benefits enjoyed by the families who own their own home.

One such study was done by the Joint Center of Housing Studies at Harvard University that addressed a major financial benefit to owning your own home: forced savings.

The report explains:

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

There are many reasons that owning a home makes sense.

The financial reasons are powerful.

As one participant in the Merrill Lynch study put it:

“When I was younger, I always worried about that monthly mortgage payment. Now that I am retired, I have the peace of mind of knowing I own my home free and clear.”


 The Merrill Lynch study proves this point with the following data on home equity (a form of savings):


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Jim Starwalt
Thinking of making a move?
Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.
Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com
Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com
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Home Buying in 2015 - Still the American Dream

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