Gallup Poll Finds Most Americans Believe Real Estate is Best Investment

Millennials disagree

money chart

Real estate increased it’s lead over four other investment choices, becoming the top pick for investment, according to a report on asurvey done by Gallup.

In 2016, 35% of Americans chose real estate as the best investment choice, compared to 19% in 2011, according to the survey.

The survey was conducted during April 2016, and was based on phone interviews with a random sample of 1,015 Americans over age 18.

Real estate beat out other top investment choices such as stocks and mutual funds with 22%, gold with 17%, savings accounts and CDs with 15% and bonds with 7%.

Due to the decreasing value of gold and the recovery of the housing market, real estate and gold have switched places, according to thesurvey. In August 2011, 34% of Americans chose gold as the best investment, compared to real estate’s 19%.

Millennials were the least likely age group to choose real estate as the best investment, and instead favored savings. There was just a slight difference between renters and buyers choosing real estate as the best investment at 32% verses 34% respectively.

Click to Enlarge

Gallup Survey

(Source: Gallup)

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This entry was posted in Financing, Home Buying, Home Selling, Homeownership, Market Conditions and tagged , , , , , . Bookmark the permalink.

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