Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

Has the American dream of homeownership been tainted by the economy?

The waning American dream?

A recent Pew poll that phoned over 2,000 Americans last month revealed that Americans still have faith in real estate, with 80% of respondents indicating that they believe a home is the best long term investment a person can make.

Not surprisingly, the older the respondent, the stronger their belief in the soundness of real estate as an investment.

According to the study, “Homeowners are not blind to what has happened to home prices, nor are they expecting a speedy recovery… about half (47%) say their home is worth less now than before the recession began, and 31% say its value has stayed the same. Just 17% say their home is worth more.”

It appears that the white picket fence American dream of homeownership isn’t dead, but respondents weren’t ignorant to the continuing bad news in the real estate sector.

Advertisement. Scroll to continue reading.

Survey results:

It appears that Americans are shaken but haven’t lost faith in real estate. Below are the charted results of the Pew poll:

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

22 Comments

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Real Estate Technology

(TECH NEWS) It turns out that Internet of Things, like smart bulbs in homes, are not secure and give up your info - here...

Real Estate Marketing

(MARKETING) Your fancy, self-animating website might be making people violently ill, even if it is insanely beautiful. Sorry...

Real Estate Marketing

(MARKETING) Conduit is a CRM that does more than CRM, it analyzes your networking data to help you see how to improve your relationships.

Real Estate Corporate

(REAL ESTATE) Zillow has long been a data powerhouse, but a lawsuit about a $150M listing offers a look into listings claims.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.