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2015: A Year of Housing Opportunity

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2015: A Year of Housing Opportunity | Keeping Current Matter

Many believed that when the housing market crashed, so too would the desire of American’s to own a home again. Many reports have shown that, especially among younger generations, the American Dream of homeownership is still very much alive.

Julián Castro, Secretary for HUD, recently summed up what it means to own a home in a speech at the National Press Club.

"Homeownership is still the cornerstone of the American Dream — a fact you can see in the lives of everyday folks.

It’s a source of pride. It’s a source of wealth, providing both a nest and a nest egg. And it strengthens communities and fuels growth in the overall economy."

Castro appropriately named his speech, “2015: A Year of Housing Opportunity”, a theme that rang true throughout.

“Opportunity is not an abstract concept - it's a path to a more prosperous life, and housing often serves as its foundation. T.S. Elliot once said that "home is where one starts from."

“A home is often a primary source of wealth in a family… Having a home is generational way to pass that wealth on. We want people responsible enough to own a home to have that opportunity.”

Bottom Line

“Over the years-through decades of economic downturns and wars-the American people have always held on to this Dream, and always will.”

As the economy continues to improve, more and more Americans will qualify for homeownership, allowing more families to obtain the American Dream.

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2 Responses to “2015: A Year of Housing Opportunity”

  1. Caroline Love February 24, 2015 at 12:29 pm # Reply

    If HUD thinks being able to buy a home is the corner stone, Why is buying a HUD home so impossible?? Brokers try to stay away from dealing with HUD as much as they can because they know half the time our clients will be disappointed. HUD doesn’t take responsibility for turning on utilities for inspection. Sometimes they charge the buyer to re-winterize after buyer has already had to turn on everything in their own name. HUD is the owner until closing, they need to step up like HOMEPATH DOES, make the homes salable!! and we can get some of these homes off the market to owner occupied instead of investors.

  2. Troy Erickson April 13, 2015 at 11:56 pm # Reply

    No matter what is going on in society, I think people generally feel like owning a home puts them in a better place. It isn’t always obtainable for everyone, depending on interest rates, financing, and the economy, but most people would prefer to own a home.

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