{"id":8051,"date":"2018-02-06T00:00:00","date_gmt":"2018-02-06T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/when-in-life-do-most-people-achieve-ownership\/"},"modified":"2018-02-06T00:00:00","modified_gmt":"2018-02-06T00:00:00","slug":"when-in-life-do-most-people-achieve-ownership","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/when-in-life-do-most-people-achieve-ownership\/","title":{"rendered":"When in Life Do Most People Achieve Ownership?"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"39.072233267064\">\n<!--\n\n<pre>-->  \n  <div property=\"dc:description\" readability=\"24.420145791915\"><!--paging_filter--><p>The average consumer\u2019s life is filled with financial milestones, and buying a home is a major one. But when do most people reach the milestone of homeownership? Researchers at Comet Financial Intelligence, a student <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/get-real-estate-loan-for-real-estate-investors\"   title=\"loan\" data-wpil-keyword-link=\"linked\">loan<\/a> refinancing resource, surveyed 1,200 Americans on how long it took them to complete their financial \u201crites of passage\u201d with homeownership and other savings hurdles. Among their findings:<\/p>\n\n<ul><li>The millennial respondents surveyed say they expect to purchase their first home three years before paying off their student <a href=\"https:\/\/amazingproperty.com.ng\/blog\/fast-flexible-real-estate-loans-usa\/\">loans<\/a>. As such, millennials may be prioritizing paying down their student loans before buying a home, and that may explain some of their delay into homeownership compared to previous generations, the survey says.<\/li>\n\t<li>The average age at which people buy their first home is 29.1 years old. Regardless of which generation they belong to, most Americans will be homeowners by age 35.<\/li>\n\t<li>Three-quarters of millennials surveyed do not yet own homes, and they will be 34.4 years old, on average, by the time they take out their first mortgages.<\/li>\n<\/ul><p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2018_feb\/Comet-chart1.png\" style=\"width: 620px; height: 569px;\"\/><\/p>\n\n<p class=\"rtecenter\"><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2018_feb\/Comet2_generation.png\" style=\"width: 370px; height: 392px;\"\/><\/p>\n\n<p>When consumers do become homeowners, they tend to feel a happy sentiment toward homeownership. Female homeowners surveyed showed greater feelings of excitement about a place to call their own. However, men surveyed expressed pride in their homes more often, the survey found. Recent studies have shown single women are buying homes at a faster pace than single men.<\/p>\n\n<p><em>Source: \u201cThe Typical American Financial Life,\u201d Comet (February 2018)<\/em><\/p>\n<\/div>\n  \n    \n<\/pre>\n\n<\/div>\n\n\n\n\n<a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/-xqZ2rRJtII\/when-in-life-do-most-people-achieve-ownership\"> Realtors <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The average consumer\u2019s life is filled with financial milestones, and buying a home is a major &hellip; <a title=\"When in Life Do Most People Achieve Ownership?\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/when-in-life-do-most-people-achieve-ownership\/\"><span class=\"screen-reader-text\">When in Life Do Most People Achieve Ownership?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8052,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,518,1403,180,15239,1330,12908,543,627,127,604,408,312,1007,41,818,479],"class_list":["post-8051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-america","tag-buy","tag-buying-a-home","tag-chase","tag-financial","tag-home","tag-home-buying-guide","tag-homeowners","tag-homes","tag-loans","tag-mortgage","tag-mortgages","tag-owners","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Comet-chart1.png?fit=826%2C758&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7448,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-say-tax-reform-would-hurt-them\/","url_meta":{"origin":8051,"position":0},"title":"Homeowners Say Tax Reform Would Hurt Them","author":"Amazing Property","date":"December 13, 2017","format":false,"excerpt":"A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS\u00ae\u2019 fourth-quarter Housing Opportunities and Market Experience survey. Learn More About Tax Reform How Tax Reform Affects Homeowners in Each\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Narhometaxsurvey.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4931,"url":"https:\/\/amazingproperty.com.ng\/blog\/12m-new-households-1m-fewer-homeowners\/","url_meta":{"origin":8051,"position":1},"title":"12M New Households, 1M Fewer Homeowners","author":"Amazing Property","date":"June 12, 2017","format":false,"excerpt":"[ad_1] NAR President William E. Brown, left, and UC-Berkeley economist Ken Rosen discussed solutions that will increase the homeownership rate and bolster the national economy. What will it take to make homeownership a national priority? Despite the addition of about 11.8 million households between 2006 and 2016, there are roughly\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/NAR_Bill_Ken.jpg?fit=620%2C396&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/NAR_Bill_Ken.jpg?fit=620%2C396&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/NAR_Bill_Ken.jpg?fit=620%2C396&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1442,"url":"https:\/\/amazingproperty.com.ng\/blog\/parents-may-need-a-new-mortgage-perspective\/","url_meta":{"origin":8051,"position":2},"title":"Parents May Need a New Mortgage Perspective","author":"Amazing Property","date":"February 28, 2017","format":false,"excerpt":"[ad_1] Parents are having a tough time saving money. Fifty-one percent of parents recently surveyed say their mortgage was having a \u201cmajor impact\u201d on their ability to save, according to Bankrate\u2019s Money Pulse survey for February. Read more: Buy a Home With No Monthly Payments? \u201cIt\u2019s probably not as much\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8063,"url":"https:\/\/amazingproperty.com.ng\/blog\/renters-are-getting-frustrated\/","url_meta":{"origin":8051,"position":3},"title":"Renters Are Getting Frustrated","author":"Amazing Property","date":"February 7, 2018","format":false,"excerpt":"The majority of renters say they want to own a home in the future and believe that homeownership is a critical piece of the American dream. But making the leap into homeownership is facing bigger hurdles as the market sees higher home prices and a shortage of homes for sale,\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nar2018aspiringhomebuyers.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAR2018AspiringHomeBuyers.png?fit=447%2C1200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":31792,"url":"https:\/\/amazingproperty.com.ng\/blog\/black-homeownership-remains-disparately-low\/","url_meta":{"origin":8051,"position":4},"title":"Black Homeownership Remains Disparately Low","author":"Amazing Property","date":"March 1, 2022","format":false,"excerpt":"\u00a0 Black homeownership continues to lag and has fallen to a lower level than it was a decade ago. The U.S. homeownership rate has posted its highest annual rise on record, reaching 65.5% in 2020, 1.3 percentage points over the year before. Hispanic homeownership soared to a record high and\u2026","rel":"","context":"In &quot;Property owner&quot;","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"Black homeownership","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":3298,"url":"https:\/\/amazingproperty.com.ng\/blog\/renters-are-starting-to-feel-richer-but\/","url_meta":{"origin":8051,"position":5},"title":"Renters Are Starting to Feel Richer, But&#8230;","author":"Amazing Property","date":"April 12, 2017","format":false,"excerpt":"Trying to convert renters to homeowners? Your job may be getting tougher. A new survey from Freddie Mac finds more renters are optimistic about their financial situations, but they're less likely to move even if their rents increase. \"It would appear from our new survey that renters today feel better\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=8051"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8051\/revisions"}],"predecessor-version":[{"id":90594,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8051\/revisions\/90594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/8052"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=8051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=8051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=8051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}