Three Out of Four Americans View Homeownership as Part of the American Dream

Core Insights - The American Dream remains vibrant, with 64% of Americans identifying homeownership as a life goal, and 50% viewing it as essential for long-term wealth [1][2] - Homeownership is perceived as a key component of the American Dream, with 75% of Americans supporting this view, particularly among baby boomers at 84% [3] - Younger generations, particularly millennials (69%) and Gen Z (70%), show a strong desire for homeownership as a life goal, surpassing older generations [4] Sentiment Towards Homeownership - A majority of Americans (59%) believe homeownership is achievable, with baby boomers showing the highest confidence at 63%, followed by millennials at 57% [5] - The median age of homebuyers reached an all-time high of 56 years in 2024, which may influence the confidence levels among older generations [6] Wealth Building Perspective - Millennials (53%) and Gen Z (52%) are more likely to view homeownership as necessary for building long-term wealth compared to older generations, with only 45% of baby boomers and 48% of Gen X sharing this belief [7]