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Homeownership a bigger sign of success than marriage or kids, survey says

New home with sold stamped across the for sale sign in yard
Posted at 8:51 AM, Jul 22, 2019
and last updated 2019-07-22 11:52:32-04

PHOENIX — Success for most American adults means owning a home, according to a new survey from Wells Fargo & Co.

Sixty-four percent of adults living in Phoenix said they believe home ownership to be a bigger sign of success than getting married or having children, compared to 70 percent of adults nationally. Similarly, 88 percent of those surveyed in the Valley said that the benefits of owning a home far outweigh the drawbacks.

“The No. 1 thing we can take from the survey is that it affirms the American aspiration of homeownership,” said Adam Thermann, regional builder manager in the Valley for San Francisco-based Wells Fargo (NYSE: WFC).

The benefits of homeownership mean many are willing to make sacrifices in order to attain their goal.

Click here for the full story from the Phoenix Business Journal.