Americans Believe Real Estate is Best Long-Term Investment

KCM Crew, July 27th, 2016

Americans Believe Real Estate is Best Long-Term Investment | Keeping Current MattersAccording 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:

“Which would be the best way to invest money you did not need for more than 10 years?”

Real Estate came in as the top choice with 25% of all respondents, while cash investments (such as savings accounts and CD’s) came in second with 23%. The chart below shows the full results: Americans Believe Real Estate is Best Long-Term Investment | Keeping Current MattersSterling White, co-founder of Holdfolio, gave one reason as to why real estate may have ranked so high.

“Houses are tangible. You can physically see and feel the product. So you know where your money is going.”

July’s poll also found that for the “26th consecutive month, Americans’ sense of financial well-being improved when taking into account debt, savings, net worth, job security, and overall financial situation.”

Bottom Line

We have often written about the financial and non-financial reason homeownership makes sense. It is nice to see that Americans have returned to a belief in homeownership as the best investment.

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

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