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American Dream Still Lives
Although foreclosures and underwater homes continue to plague the current housing market, 70% of Americans still view homeownership as being part of their American Dream.
Millennials Driving Economic Recovery
Although many of today’s young adults came of age during the housing crash, more than one in four (26%) say their views on owning a home have become more positive over the past six months.
With 88% of 18-34 year old renters aspiring to be homeowners, this new generation of buyers will likely play a crucial role in stabilizing today’s uncertain real estate market.
Stronger Long-term Recovery in South & West
Despite today’s low mortgage rates and high affordability, most would-be homeowners are in no rush to buy. By comparison, a brighter beacon of hope shines in the South and West where the outlook for long-term recovery is much stronger.
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Windermere Real Estate, Sun Valley – Hailey, Idaho @ George Martin, Jr. Associate Broker