Home Ownership as the American Dream Isn't Dead Per New Pew Study


The Pew Research Center, respected world-wide for its research efforts, has released a new study today regarding American real estate - particularly, whether or not the American Dream of owning one's home is still alive and kicking today, post ForeclosureGate and along with a downward-turned economy and other things.

Entitled, "Home Sweet Home. Still. Five Years After the Bubble Burst," you can download the full report here.

According to the Pew research:

• 8 out of 10 Americans still believe that the best investment someone can make in this country, long-term, is to buy a home.

• 86% of those participating in the Pew Study reportedly believe that it will take until at least 2014 for real estate values to return to pre-recession levels, and 10% of those questioned believe that's too optimistic, and that it will take a decade (till 2021) to get those values back to the fair market values that everyone saw back in 2006.

• Many Americans (23%) regret their prior real estate decisions: when asked by Pew researchers, they answered that they would not buy their current home again if they had the choice.

Please see full article below for more information.

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