What Americans are Looking For in their Dream Home

What Americans are Looking For in their Dream Home

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The real estate market has been on a wild ride these past few years and there’s still more uncertainty on the horizon. Now, many frustrated Americans are realizing they may never be able to afford their dream home.

IPX1031 surveyed more than 1,000 Americans across each generation about their dream homes. What do they look like? Where are they located? What would they cost, and are they in the cards?

The study found 90% of Americans believe owning a home is part of the American dream… but 51% say it isn’t attainable. Still, renters are hopeful they’ll be able to get into a home soon.

  • 53% of Millennials and 47% of Gen Xers currently renting say they plan on buying a home within the next 5 years
  • 57% prefer new construction over renovating a home 
  • California, Florida, New York, Washington, and Colorado are the top dream home locations
  • 33% of Americans believe home ownership is a necessity in 2022, while 67% think it’s a lifestyle choice

The pandemic seems to still have an impact on what people want in their dream home. The top luxury amenities people are looking for are land and privacy (59%), a hobby room (48%), and a home theater (42%).

Take a look at the full report, which also includes generational insights on what people are looking for in their ideal home and how many Americans wish to own a vacation property.

CCR NYC Facilities & Construction was held September 28th, 2023 Noon to 4 PM at Penthouse 45.
The 14th Annual 2024 Hybrid Summit will be held January 2024, Date & Location TBD.

Read more BELOW

January 26th, 2023
The 13th Annual Hybrid Summit was held on January 26th, 2023 Noon to 4 PM EST.

Virtual Women in Construction: Building Connections was held on October 20th, 2023 via Zoom.

2023 Virtual Men’s Round Tables

2023 Men’s Round Table #1 will be held on November 7th, 2023

2023 Virtual Women’s Round Tables

2023 Women’s Round Table #1 was held on October 20th, 2023

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