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Consumers: Real Estate a 'Good Investment'

Consumers: Real Estate a 'Good Investment'

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Americans believe that real estate is the best long-term investment option for the second year in a row, according to a new survey by Gallup.

Americans Sold on Real Estate?

Consumers Show Shift in Home Ownership

Millennials Move Toward Home Ownership

Home Buyer and Seller Generational Trends

Gallup polled over 1,000 adults and found that 31 percent of respondents considered real estate to be the best long-term investment. 25 percent of those surveyed said that stocks and mutual funds are the best long-term investment, followed by gold at 19 percent. This is a big change from 2011-2012 when gold was the most appealing investment.

"Real estate took a pounding in home values and consumer confidence after the subprime mortgage crisis that started in 2007 spurred the financial crisis of 2008, deepening the 2007-2009 recession," Gallup reports. "Gold gained appeal during this time, likely due to its tangible quality, but this has proved to be temporary."

While confidence in real estate declined during the global banking crisis and recession, real estate is now ranked as the top investment choice or tied for the top choice with all major gender, age and income groups. This sentiment echoes a recent generational trends study from NAR that reported that 79 percent of all buyers surveyed considered buying a home a "good financial investment."

Besides real estate, stocks/mutual funds, and gold, survey respondents also listed savings accounts/CDs, and bonds as solid long-term investment options.

Source: "Americans Again Say Real Estate Is Best Long-Term Investment," Gallup (April 23, 2015)

 

The Traverse City, MI real estate market is booming and with high buyer demand and low inventories there is fierce competition for homes and it is rapidly pushing values up and we are seeing multi offer situations in many cases very quickly, especially any where near Traverse City. If you are considering buying  ...do it now before values rise high and while interest rates are still low. If you are considering selling, now is the time, the buyer demand is there and priced right and prepared properly to show should sell quickly.   If you are considering either please Contact Jon Becker - Century 21 Northland 231-342-5401 jon@c21jb.com  or view all area listings at www.c21jb.com  

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