Homeownership Perceived As An Investment

Posted by John Sabia on Friday, August 30th, 2019 at 12:48pm.

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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.

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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.

Final thoughts

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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John Sabia

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