Homeownership Myths BustedEven in today’s modern world, it can be tough to sort out the homebuying facts from the fiction. We’re setting the record straight for some of the most common
AMERICANS POWERFUL BELIEF IN HOMEOWNERSHIP AS AN INVESTMENT
Dated: July 12 2019
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.
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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