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    93% Believe Homeownership Is Important in Attaining the American Dream

    Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:

    “Owning a home remains a core element of the American Dream.”

    When asked “How important a part of the American dream is owning a home?”

    • 18% of those surveyed said it was the most important part
    • 53% of those surveyed said it was very important
    • 22% of those surveyed said it was somewhat important

    Homeownership and Financial Stability

    The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:

    “After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.

    More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stabilityof a monthly mortgage payment instead.” (emphasis added)

    Bottom Line

    Owning a home always has been, and always will be, a crucial part of attaining the American Dream.

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    Danny Cheung

    I spent almost thirty (30) years with the Department of Defense in hardware/software design, development, operations, maintenance, and program manager before joining the Group in a full-time capacity. I am thrilled to put my years of experience as an Electronics Engineer and Program Manager to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively, thus ensuring our clients' satisfaction. My wife and I have two daughters and a dog (he’s more like our son). I enjoy traveling and watching sports, especially football…Go Skins!

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