Is homeownership still part of the American Dream or are people moving on faster than ever?

Answer: 11.8 years

Questions:

• What do you think would make someone want to stay in a home for over a decade? What might make someone want to move sooner?
• Do you think homeownership is still a good financial goal for young people today? Why or why not?
• What personal or financial factors should someone consider before deciding to buy a home?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Investopedia)

"The typical U.S. homeowner stayed in their property for 11.8 years in 2024, down from the 2020 peak of more than 13.4 years, a Redfin study released Wednesday showed."

About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.