Understanding Home Ownership in the USA 2025

What is the American dream for many people?

• Owning your own home

• Owning a car

• Traveling the world

• Becoming a teacher

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When do most people try to sell their houses in the U.S.A.?

• Spring

• Winter

• Summer

• Fall

What is one important thing that affects the price of a house?

• Location

• Color of the house

• Number of windows

• Type of furniture

What is a down payment?

• Money saved to pay for part of a house

• Money used to buy food

• Money given to friends

• Money for a vacation

What do people often do to get the rest of the money for a house after the down payment?

• Borrow from family or a bank

• Sell their car

• Buy a new house

• Go on vacation

What is a bank loan for a house called?

• Home mortgage

• Home insurance

• Home rent

• Home deposit

Why might a three-bedroom house cost more in one area than another?

• Because of the location and nearby schools or jobs

• Because of the color of the house

• Because of the number of doors

• Because of the size of the garden

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If you choose a 15-year mortgage instead of a 30-year mortgage, what will happen to your monthly payments?

• They will be higher

• They will be lower

• They will stay the same

• You will not have to pay

What might this picture show?

• A house a family could buy

• A school playground

• A grocery store

• A city park

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Buying a home includes:

• Choosing a home

• Signing a contract

• Securing a down payment

• Financing a home

• All of the above