Most Americans either already own their homes or plan on buying one in the next 10 years, a Gallup Poll said last week. The American dream of home ownership is still very strong.
Home Ownership Still the Dream
56% of American own a home and plan to continue to own their home for a foreseeable future. 25% of non-homeowners plan to buy a home in the next ten years. Only 11% of those polled said they do not plan to buy a home in the foreseeable future. 3% polled say they plan to sell and rent within 10 years.
Younger Americans Likely to Buy
Nearly 7 in 10 (68%) Americansaged 18 to 29 currently do not own a home, but plan on buying one within the next 10 years. Coupling this with the 21% of younger Americans who say they already are homeowners leaves few adults under 30 who say they don’t own a home and have no plans on buying one. There will also be a continuous stream of young people entering the 18 and older segment of the population going forward.
Are you a first time homebuyer? Contact a licensed Inlanta Mortgage lending professional to receive your free, no obligation mortgage pre-approval. Pre-approvals are essential to the home shopping process. Read more about pre-approvals in our recent blog post – Get Mortgage Pre-Approval Before House Hunting.
Here are a few more helpful resources for first time home buyers:
- Mortgage Tools – Check out our Mortgage Tools and Resources to access mortgage calculators, mortgage glossary, or to read more about the loan process.
- Loan Programs – Inlanta Mortgage offers a variety of loan programs. Read more about our loan programs and contact a licensed loan officer to discuss which program is best for your home financing needs.
- Visit our blog for Tips for First Time Home Buyers, Mortgage Myths, and First Time Home Buyer Mistakes!
Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.
Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.