Survey Says Real Estate is Best Long-Term Investment
Americans were asked what they felt was the best long-term investment they could make. Real Estate was ranked as the number one long-term investment, even topping stocks and gold. Gallup gathered its results based on the answers provided by 1,000 U.S. adults who participated. Real estate, already Americans’ top pick as the “best long-term investment” for the last two years, has increased its lead over four other investment choices.
35% percent of Americans now choose real estate as best long term investment, compared with 22% for stocks and mutual funds, 17% for gold, 15% for savings accounts/CDs and 7% for bonds.
Many American now have a very positive view of real estate, especially considering back in 2011, 34% of Americans said gold was the top long-term investment choice and, at that time, 19% said real estate.
“As the average sale price of new homes in the U.S. increased from $259,300 in August 2011 to $348,900 in February of this year, the percentage of Americans picking real estate as the best long-term investment almost doubled,” according to Gallup. “During approximately the same time span — from August 2011 to April of this year — gold prices plunged from $1,910 to $1,254 per ounce, and the percentage thinking gold would be the best investment was cut in half.”
The survey also found some differences among different groups regarding real estate and long-term investing:
- Men are more likely to say gold is the best long-term investment. Women tend to favor savings accounts.
- Americans younger than the age of 30 were the least likely group (26%) to place real estate as their top investing choice. They more often choose savings as their top investment choice.
- Homeowners (34%) and Renters (32%) are about as likely to choose real estate as their top long-term investment choice.
Overall, Americans have been much more likely to regain confidence in real estate than in stocks as “the best” long-term place to invest their money.
Sea to Sky Realty
The Florida Real Estate Company with the GERMAN Twist!
Axel and Bea Weiss
Bradenton, Florida 34205
(941) 866 1666