Women Consider Owning a Home to be a Vital Component of the American Dream
Sunday, September 10, 2023
A Home Buyer Poll released by TD Bank, has revealed that 64% of women believe homeownership is essential in defining the American Dream. In comparison, only 52% of men felt owning a home was important. Furthermore, aspirations of homeownership are more prominent with women, with 66% of current female renters stating they intend to own a home in the future as opposed to 57% of men.
As the home buying market continues to stabilize our survey tells us that Americans, and women in particular, are looking to buy homes. Chris White says, "Among my home buying clients, women are often the ones to first step in and begin a home search. When I help them narrow the list down the men in their lives step in with great excitement."
Study results showed that current female homeowners were slightly more practical when purchasing their first home. Twenty-three percent of women bought their first home because they felt financially ready, compared to 20% of current male homeowners.
Additionally, the poll found that 93% of women do not regret purchasing their first home; suggesting women take much into consideration when to buy a home, to ensure they are making the best choice.
Not surprisingly, elements women deem most essential in defining the American Dream (homeownership, a stable career and having a family/children) tracked similarly as what they consider important to their sense of accomplishment.
Notably, homeownership leads as the primary achievement contributing to feeling accomplished:
• Homeownership (92%)
• Stable career (84%)
• Having a family/children (81%)
"Women are very much focused on homeownership", according to Chris White.
• Half of current female homeowners reported buying their first home between the ages of 25-34.
• Twenty percent of women cited the American Dream as their biggest motivation in buying a home, compared to only 15% of men.
• At the time of purchasing their first home, women felt proud (51%) and excited (66%).
A Home Buyer Poll released by TD Bank, has revealed that 64% of women believe homeownership is essential in defining the American Dream. In comparison, only 52% of men felt owning a home was important. Furthermore, aspirations of homeownership are more prominent with women, with 66% of current female renters stating they intend to own a home in the future as opposed to 57% of men.
As the home buying market continues to stabilize our survey tells us that Americans, and women in particular, are looking to buy homes. Chris White says, "Among my home buying clients, women are often the ones to first step in and begin a home search. When I help them narrow the list down the men in their lives step in with great excitement."
Study results showed that current female homeowners were slightly more practical when purchasing their first home. Twenty-three percent of women bought their first home because they felt financially ready, compared to 20% of current male homeowners.
Additionally, the poll found that 93% of women do not regret purchasing
their first home; suggesting women take much into consideration when to buy a home, to ensure they are making the best choice.
Not surprisingly, elements women deem most essential in defining the American Dream (homeownership, a stable career and having a family/children) tracked similarly as what they consider important to their sense of accomplishment.
Notably, homeownership leads as the primary achievement contributing to feeling accomplished:
•
Homeownership (92%)
•
Stable career (84%)
•
Having a family/children (81%)
"Women are very much focused on homeownership", according to Chris White.
•
Half of current female homeowners reported buying their first home between the ages of 25-34.
•
Twenty percent of women cited the American Dream as their biggest motivation in buying a home, compared to only 15% of men.
•
At the time of purchasing their first home, women felt proud (51%) and excited (66%).
Comments
Estella -
Sunday, May 12, 2013 @ 9:57 AM
That is a beautiful shot with very good lighting .
"That is a beautiful shot with very good lighting ." about Women Consider Owning a Home to be a Vital Component of the American Dream
on Sunday, May 12, 2013 @ 9:57 AM
Chris White - Team Leader said
"Unfortunately you are not alone. It's more than an outcry. The powers that be really need to come down harder on Bofa than they already are. Working on these short sale for over 2 years now I've uncovered down right fraud happening on the lenders parts. If they cared more about moving this country forward than protecting their own wallets then they would cut the red tape and approve these short sales in a timely manner. Our team made the wise decision to get BofA loans which were FHA or Freddie Mac backed, approved prior to listing on the market. Then we can list the home as "Price Approved" and close in 30 days. In this instance BofA does a full appraisal, rather than an incompetent "Broker Price Opinion" (nothing against agents but they have no idea how to make adjustments on comparable homes) and then the bank issues an "Approval To Participate" letter which dictates what price we can go on the market and take anything north of 88%. I really do hope your situation improves. " about Congressional Bill to Speed Up Short Sales
on Tuesday, August 30, 2011 @ 9:15 AM
Lisa Zeiner said
"We made an offer 4 months ago to BofA, and have heard nothing. It was a cash offer which is better than the zero money they are collecting now. And since the people don't care they are trashing the place, by the time BofA gets around to it our offer will be gone as the place is a mess!! Septic issues now, garbage being dumnped. All of this could have been avoided if BofA really wanted to correct their cash flow problem and sell these properties in a timely manner. They cry about cash but then do nothing intelligent to fix the problem" about Congressional Bill to Speed Up Short Sales
on Tuesday, August 30, 2011 @ 9:06 AM
Jones Ramirez said
"Thank you for the work you have done into this post, it helps clear up a few questions I had." about How do appraiser’s determine a homes value?
on Tuesday, April 19, 2011 @ 10:07 PM
HollyRobsonf said
"Hey - I am certainly happy to find this. great job!" about Bank of America to Offer Principal Reduction to Underwater Borrowers
on Wednesday, April 13, 2011 @ 6:45 PM