Over 70% of Aspiring Homeowners Delay Major Life Milestones
A recent report reveals that over 70% of aspiring homeowners in the United States are postponing significant life milestones, such as marriage and career changes, until they can afford to purchase their first home. The findings, detailed in the 2025 American Dream Report by Coldwell Banker, indicate that rising housing prices and a lack of affordability are reshaping how many individuals approach major life decisions.
The survey, which included more than 3,000 adults with 900 respondents identified as aspiring homeowners, shows that a staggering 71% of participants are delaying key events in their lives. Among those deferring these milestones, 18% reported postponing marriage and children, while 17% indicated they are putting off job or career changes. Notably, among Generation Z respondents, the sentiment is even more pronounced, with 84% planning to delay these life events—including pet ownership—until they secure their first home.
Despite these challenges, the aspiration for homeownership remains strong. The report underscores that 56% of those surveyed still view owning a home as a fundamental aspect of the American dream, ranking it higher than starting a family, retiring by age 67, or beginning a career. This desire persists even as more than half of the participants anticipate achieving homeownership only after turning 40 years old.
Impact of the Housing Market on Life Choices
The findings of the 2025 American Dream Report suggest that the ongoing tight housing market may significantly influence the pace of American life. Jason Waugh, president of Coldwell Banker Affiliates, expressed optimism regarding the survey results. He stated, “The data suggests that the pursuit of homeownership is not diminishing; it is evolving into a more intentional, informed, and financially aligned strategy.”
Waugh predicts that trends in the housing market for 2026 will shift towards more pragmatic choices among buyers. He anticipates an increase in interest for smaller homes, properties needing modest renovations, and those with potential for generating income. The report highlights that 65% of Americans still believe that homeownership is a better long-term financial decision compared to renting.
High mortgage rates and escalating home prices, coupled with a limited supply of housing in desirable locations, have placed considerable strain on US homebuyers in recent years. However, signs of a market shift favoring buyers may soon emerge. Waugh noted that a majority of respondents indicated a willingness to make practical concessions to secure a home, such as expanding their search areas. Many also expressed intentions to purchase a property within the next five years.
“When this sentiment is coupled with easing interest rates and a deceleration in home price appreciation, we begin to see conditions that are increasingly favorable for first-time buyers,” Waugh added.
As the housing landscape continues to evolve, the aspirations of potential homeowners remain resilient, underscoring the enduring significance of homeownership in shaping life’s milestones in America.
