---
title: Americans Still View Homeownership as the American Dream
description: While it may feel challenging to buy a home today with higher mortgage rates and home prices, if the time is right for you, know that when you buy a home, incredible benefits are waiting for you at the end of your journey.
---

[First Federal Bank Blog ](https://blog.ffbf.com)

# [Americans Still View Homeownership as the American Dream](https://blog.ffbf.com/americans-still-view-homeownership-as-the-american-dream)

 Written by [First Federal Bank](https://blog.ffbf.com/author/first-federal-bank) | July 14, 2023 7:44:27 PM Z

Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide.

A recent survey from *Bankrate* asked respondents which achievements they feel most embody the American Dream. The responses prove owning a home is still important to so many Americans today *(see graph below)*:

<https://www.simplifyingthemarket.com/en/content/images/20230630/20230704-homeownership-remains-the-number-1-feature-of-the-american-dream.png?a=629022-2474dd2c577f9b9a47829ca925671596>

As the graph shows, homeownership ranks above other significant milestones, including retirement, having a successful career, and earning a college degree.

A recent report from *MYND* helps shed light on why so many people value homeownership. It finds:

> *“. . . nearly two-thirds of Americans (65%) see * ***homeownership as a means of building intergenerational wealth.*** *”*

That’s because, when you own a home, your equity (and net worth) grows over time as you pay down your home loan and as home prices appreciate. This can be a key factor in building intergenerational wealth and long-term financial stability.

To further drive home the difference homeownership can make in your life, a report from *Fannie Mae* says:

> *“Most consumers (87%) believe * ***owning a home is important to ‘live the good life.’*** * . . . Notably, significantly more see * ***‘having less stress’ as a benefit achieved by owning *** *than renting.”*

Especially today, this could be because, when you own a home with a fixed-rate mortgage, you stabilize what’s likely your largest monthly expense (your housing cost), and that helps combat the impact of rising costs from inflation.

#### **What Does This Mean for You?**

While it may feel challenging to buy a home today with higher mortgage rates and home prices, if the time is right for you, know that when you buy a home, incredible benefits are waiting for you at the end of your journey.

### Bottom Line

Buying a home is a significant and powerful choice, embodying the foundation of the American Dream. If you plan to make your homeownership dream a reality this year, [connect](https://www.ffbf.com/personal/mortgage-loan-officers/florida) with one of our loan officers to begin the process.

[View full post](https://blog.ffbf.com/americans-still-view-homeownership-as-the-american-dream)

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