Americans’ Powerful Belief in Homeownership as an Investment
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The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey.
The survey reported that 65% of Americans believe homeownership is a
good financial investment. Since 2014, the percentage has increased by
over nine percent. The
Fed’s survey also showed that when the results are broken down by age,
education, income, or region of the country, more than 55% of Americans
in each category see homeownership as a good investment.
This coincides with a recent Gallup survey
of Americans which revealed that real estate was their number one
choice for the best long-term investment when compared to stocks,
savings accounts or gold.
Bottom Line
Americans’ belief in residential real estate as a good financial
investment continues to grow as the housing market returns to normalcy.
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