Americans Still Believe Real Estate Is Best LongTerm Investment

Dated: 07/27/2017

Views: 71

Americans Still Believe Real Estate is Best Long-Term Investment

Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.

Bankrate asked Americans to answer the following question:

“What is the best way to invest money you wouldn’t need for 10 years or more?”

Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments - such as savings accounts and CD’s - came in second with 23% (the same as last year). The chart below shows the full results:

Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

The article points out several reasons for these results:

“After bottoming out at the end of 2011 following the worst housing collapse in generations, home prices have gone gangbusters recently, climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the 12 months that ended in May, according to CoreLogic.

Toss in persistently low interest rates, tax goodies that come with owning a mortgage, and the psychological payoff from planting your roots, and maybe it’s no wonder real estate remains popular.”

The article also revealed that:

“Bankrate’s Financial Security Index — based on survey questions about how people feel about their debt, savings, net worth, job security and overall financial situation — has hit its third-highest level since the poll’s inception in December 2010.”

Bottom Line

We have often written about the financial and non-financial reasons homeownership makes sense. It is nice to see that Americans still believe in homeownership as the best investment.

Blog author image

Jeri Patrick

In today’s complex and difficult real estate market you need a professionals who will do whatever it takes to market and sell your home. Jeri Patrick has a team with an established history of succes....

Want to Advertise on this Site?

Latest Blog Posts

Feb 22 2019 5018 1

3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC]Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save

Read More

Feb 20 2019 5018 1

Why A Normal Market is Just What We NeedThe housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in

Read More

Feb 19 2019 5018 1

2019 Will Be a Great Year for Buyers AND SellersMany homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their

Read More

Feb 18 2019 5018 1

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is

Read More