According to a new Gallup poll, one-third of Americans say that real estate is the best long-term investment, surpassing stocks, mutual funds, gold, savings accounts, CDs, and bonds.
For the fourth year in a row, real estate still reigns.
After the housing market crash, less than one-quarter of those surveyed believed that real estate was a good investment. Consumer confidence and an improved housing market have improved these numbers since their all time lows in 2011.
It's also interesting to note that perceptions of the positives associated with real estate investment are also influenced by geography. 46 percent of consumers in the western region of the U.S. are more likely to consider investing in real estate as the best long-term investment. The reason for this is that housing prices rebounded the most in the West since the crash.
Additionally, lower income households do not view real estate as the best long-term investment for financial security; they prefer traditional sources like savings accounts and CDs. Typically, the higher the household income, the more favorable view of real estate investment.
To learn more about trends in real estate investment, join us for a Meetup. Find one in your area by clicking here.
CONNECT WITH CAZA
Sign up for FREE and receive our weekly newsletter with info about real estate investing, entrepreneurship and wealth creation.