Ability to Buy a Home

american-dream-homeForbes.com recently released the results of their new American Dream Index. The index measures “the prosperity of the middle class, and…examine which states best support the American Dream.”

Several economic factors are analyzed including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.

Alaska represented the lowest score on the index at 80.7, due mostly to the recent fall out in oil prices. Nevada came in with the highest score at 108.8, boosted by big gains in goods-producing jobs and new construction activity.  Colorado scored 100.9.  See the results for your state below:

american-dream-index
Forbes Senior Editor Kurt Badenhausen explained why many states saw a boost in the index last month:

“Businesses are hiring in part in anticipation of tax cuts and less regulation… Many areas of the country have experienced strong upticks in employment and construction, as well as declines in unemployment claims since the start of the year.”

Real Estate Bottom Line

Home ownership is part of the American Dream for many people.  With the improving economy, will that dream become reality for you?

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