Tag Archives: Renters pursue the American Dream of homeownership

Most view becoming a homeowner as an important stepping-stone in their life  a chance to put down roots and fulfill the American Dream. Although 90% of renters expect to purchase a home in the future, most believe it would be difficult to get a mortgage today, according to respondents to Fannie Mae‘s recent survey. The primary reason most are renting now is to financially prepare themselves to be ready to own in the future. “The ongoing decline in the homeownership rate, as well as strong growth in multifamily property construction […]