{"id":80030,"date":"2025-06-06T05:00:52","date_gmt":"2025-06-06T12:00:52","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=80030"},"modified":"2025-06-06T09:47:15","modified_gmt":"2025-06-06T16:47:15","slug":"june-homeownership-month-how-people-feel-about-home","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/june-homeownership-month-how-people-feel-about-home\/","title":{"rendered":"3 in 4 U.S. Homeowners Would Rather Be Home Than Anywhere Else"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">In recognition of National Homeownership Month, we\u2019re looking at how Americans feel about their homes, and what they go through to buy one.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Most homeowners have warm feelings about their home, with\u00a0 nearly 70% saying their home is a reflection of who they are, according to a recent Redfin survey.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Saving directly from paychecks is the most common way for homebuyers to gather money for down payments, but recent buyers also report working second jobs, receiving cash gifts from family, and selling stocks.\u00a0<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Nearly three-quarters (74%) of U.S. homeowners say they would rather be home than anywhere else, according to a recent Redfin-commissioned survey.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In recognition of National Homeownership Month, Redfin is reporting on how Americans feel about their homes, and how they buy one. The survey stats in this report are from two Redfin-commissioned surveys, conducted by Ipsos in September 2024 and May 2025, respectively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nearly 7 in 10 (68%) homeowners say their home is the only place they can relax, and 68% say it\u2019s the only place they can get a good night\u2019s sleep. Additionally, 69% say their home is a reflection of who they are.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><b>Most Homeowners Would Rather Be Home Than Anywhere Else, Feel Sense of Belonging in Neighborhood<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>How much do you agree or disagree with the statement below?\u00a0<\/b><\/td>\n<td><b>Share of homeowners who agree<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">My current home is a reflection of who I am<\/span><\/td>\n<td><span style=\"font-weight: 400;\">69%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">My\u00a0 home is the only place I can relax<\/span><\/td>\n<td><span style=\"font-weight: 400;\">68%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">My home is the only place I can get a good night\u2019s sleep<\/span><\/td>\n<td><span style=\"font-weight: 400;\">68%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">I would rather be at home than anywhere else<\/span><\/td>\n<td><span style=\"font-weight: 400;\">74%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">I feel a sense of belonging to my neighborhood<\/span><\/td>\n<td><span style=\"font-weight: 400;\">64%<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><i><span style=\"font-weight: 400;\">The stats in this table are from a Redfin-commissioned survey commissioned by Ipsos in September 2024, fielded to 1,802 U.S. residents aged 18-65. 805 homeowners answered this question. Respondents could select all that apply.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">This has been a tough year for homebuyers: 2025 has been characterized by <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-record-high-housing-costs-sales-decline\/\"><span style=\"font-weight: 400;\">high housing costs<\/span><\/a><span style=\"font-weight: 400;\"> and a <\/span><a href=\"https:\/\/www.redfin.com\/news\/sellers-vs-buyers-price-impact\/\"><span style=\"font-weight: 400;\">cooler-than-usual<\/span><\/a><span style=\"font-weight: 400;\"> housing market. But the people who were able to buy a home this year, and those who were already homeowners, have warm feelings about where they live.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOwning a home gives people more than just a place to live. It gives them a sense of stability and identity, and often a sense of pride that comes with fulfilling the American Dream,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/darylfairweather\/\"><span style=\"font-weight: 400;\">Daryl Fairweather<\/span><\/a><span style=\"font-weight: 400;\">, Redfin\u2019s chief economist. \u201cFor many people in the U.S., owning a home represents years of hard work and decision-making, and provides them with a permanent space to reflect their personality and values. Beyond the emotional ties, owning a home is also one of the most common ways to build generational wealth.\u201d\u00a0<\/span><\/p>\n<h3>Nearly 1 in 5 Young Homebuyers Work Second Jobs to Make Down Payment<\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The people who bought a home in the last year have worked side hustles and received cash from family, among other things, to make it work.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nearly one in five (18%) Gen Zers and millennials who recently bought a home worked a second job to accumulate funds for their down payment, according to a recent Redfin-commissioned survey. Additionally, 21% of them used a cash gift from family, 20% sold stock investments, and 18% lived with family or friends to save money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most common way to accumulate funds for a down payment among young Americans is to simply save directly from paychecks (57%).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zooming out to recent homebuyers of all ages, saving directly from paychecks remains the most common way to accumulate money for a down payment, with 54% doing so. Selling another home is the second-most common method (27%), followed by receiving a cash gift from family (13%) and selling stock investments (13%).\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"5\"><b>Most Recent Homebuyers Save Directly From Paychecks For Down Payment<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>How did you accumulate the money you need for a down payment?<\/b><\/td>\n<td><b>Share of homeowners who chose this option (overall)<\/b><\/td>\n<td><b>Share of homeowners who chose this option (Gen Z and millennial)<\/b><\/td>\n<td><b>Share of homeowners who chose this option (Gen X)\u00a0<\/b><\/td>\n<td><b>Share of homeowners who chose this option (Baby boomer)\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Saved directly from paychecks<\/span><\/td>\n<td><span style=\"font-weight: 400;\">54%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">57%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">56%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">51%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Worked a second job<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cash gift from family\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sold stock investments<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pulled money out of retirement funds early<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Inheritance<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Contributed less to retirement savings<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sold cryptocurrency investments<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sold another home<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Used equity from another home I still own<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Lived with parents\/family\/friends to save money<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">I received assistance from the government<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">I received assistance from a non-profit association<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\"><i><span style=\"font-weight: 400;\">The stats in this table are from a Redfin-commissioned survey commissioned by Ipsos in May 2025, fielded to 4,000 U.S. residents. 2,204 recent homebuyers answered this question. Respondents could select all that apply.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>The Latest Homeownership Stats<\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Here are some other statistics about homeownership in the U.S.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Roughly two-thirds (<\/span><a href=\"https:\/\/fred.stlouisfed.org\/series\/RHORUSQ156N\"><span style=\"font-weight: 400;\">65.1%<\/span><\/a><span style=\"font-weight: 400;\">) of Americans own the home they live in, as of the first quarter of 2025. That\u2019s the lowest share since 2019, though the U.S. homeownership rate hasn\u2019t varied much over the last decade; it has hovered between 63% and 68%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Broken down by age, older Americans are <\/span><a href=\"https:\/\/www.redfin.com\/news\/homeownership-rate-by-generation-2024\/\"><span style=\"font-weight: 400;\">more likely<\/span><\/a><span style=\"font-weight: 400;\"> than younger Americans to own their home. Eight in 10 (80%) baby boomers own their home, compared to 73% of Gen Xers, 55% of millennials and 26% of Gen Zers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Broken down by race, 72% of white people in the U.S. owned their home as of 2023, compared to 63% of Asian people, 51% of Hispanic people, and 45% of Black people. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recognition of National Homeownership Month, we\u2019re looking at how Americans feel about their homes, and what they go through to buy one.\u00a0 Most homeowners have warm feelings about their home, with\u00a0 nearly 70% saying their home is a reflection of who they are, according to a recent Redfin survey.\u00a0 Saving directly from paychecks is [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":79497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[727,623],"dashboard":[],"coauthors":[124],"class_list":["post-80030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-homeownership","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>3 in 4 U.S. Homeowners Would Rather Be Home Than Anywhere Else<\/title>\n<meta name=\"description\" content=\"Most homeowners have warm feelings about their home, with nearly 70% saying their home is a reflection of who they are, according to a recent Redfin survey.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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