Owning A Home Is A Good Financial Investment
In a recently released 2019 Survey of Consumer Expectations Housing Survey by The Federal Reserve Bank (The Fed), 65 percent of Americans hold the belief that home-ownership is a good, solid financial investment for increasing net worth. The percentage of folks holding this belief increased by over nine percent since 2014.
Diving deeper into the survey looking at age, education, income and area of the country, the survey found more than 55 percent of folks in each category view owing a home as a good investment.
Interestingly, the results of this survey compare with a recent Gallup survey, which showed that real estate was considered the top choice for the best long-term investment when compared against stocks, bank savings accounts or gold.
As the real estate market returns to what experts view as a more normal market, the majority of Americans still hold a resounding belief that residential real estate is a good, solid financial investment.
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