With housing prices soaring, Americans are rethinking their “dream home” and “dream workspace.” The focus is shifting from luxury to practicality as economic pressures reshape priorities. A survey by Built and Talker Research offers insight into these changing preferences.

The survey of 2,000 U.S. adults found that 58% have experienced significant increases in housing costs over the past five years, leaving 39% feeling stuck in their current situation. Affordability concerns 50% of respondents, while 40% worry about crime, and 35% about home repair costs.

Americans currently spend 25% of their monthly income on housing, but ideally would like to spend 19%. Many potential homebuyers need mortgage rates to fall to at least 4% before they consider moving, and 42% would be encouraged to relocate by local programs.

Despite these challenges, there’s hope for homeownership. The survey found that 57% of respondents own, while 43% rent their homes. Nearly half of renters (49%) prefer renting, but 47% aim to own a home, with 17% planning to buy within the next 18 months.

Americans frequently envision their “dream home” and “dream workspace.” Today’s ideal home is simpler and more functional, with central air conditioning (68%), accessible laundry (55%), and green space (55%) being top priorities. The average desired home is 2,402 square feet, with 69% favoring single-family dwellings.

Workspaces are also evolving. Remote workers value comfort, ample natural light (61%), space (55%), and convenient parking (25%). When commuting, amenities like nearby restaurants, quiet rooms, and break areas are important.

In Texas, homebuyers face similar market challenges. However, the state’s strong economy and housing market provide promising opportunities. Texans can overcome difficulties through careful planning and effective market strategies. This resilience highlights how people can adapt to the changing housing market. Despite the challenges, there are still promising paths to homeownership. Working with the right real estate agent can also help buyers find and secure their ideal homes despite current obstacles.

The American dream of homeownership is transforming. Rising costs are prompting a shift towards practical, quality living spaces. Addressing affordability and housing availability is crucial for making these dreams achievable. In Texas and beyond, despite economic challenges, thoughtful planning and the assistance of a knowledgeable agent can help Americans realize their dream homes.