Just 10 Percent of Americans Believe Homeownership is Within Reach

Homeownership Challenges in America

According to a recent survey by the Wall Street Journal/NORC, only 10 percent of Americans believe that homeownership is easy to achieve. While 89 percent express that owning a home is a crucial part of their vision for the future, many face significant barriers.

Wishes vs. Expectations

The survey highlights a growing disconnect between what people aspire to and what they feel is realistic. Financial security and a comfortable retirement are seen as essential but difficult to obtain. A retrospective look at a 12-year-old survey reveals that more than half of respondents once believed in the achievability of the American dream, whereas only a third feel that way today.

Factors Influencing Homeownership

Economists attribute these sentiments to rising home prices and the impact of student debt, which disproportionately affects younger generations. The survey also shows a notable gap across gender and political affiliations, illustrating widespread concern over economic prospects.

Policy Responses

Vice President Harris has put a spotlight on this issue, proposing strategies to increase homeownership opportunities for young Americans. Her plan includes cracking down on corporate landlords and committing to building three million new housing units—aimed at providing tax incentives for first-time buyers.

Conclusion: A Need for Change

This survey conducted between June 26 and July 8 among 1,502 adults reflects a critical outlook on homeownership in America. With a margin of error of 3.3 percentage points, it poses important questions about the future of housing accessibility.