Omaha Real Estate: Americans Still Believe Real Estate is Best Long-Term Investment

Americans Still Believe Real Estate is Best Long-Term Investment

Americans Still Believe Real Estate is Best Long-Term Investment

Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in Omaha real estate than any other type of investment.

Bankrate asked Americans to answer the following question:

“What is the best way to invest money you wouldn’t need for 10 years or more?”

 

Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments - such as savings accounts and CD’s - came in second with 23% (the same as last year). The chart below shows the full results:

Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

The article points out several reasons for these results:

“After bottoming out at the end of 2011 following the worst housing collapse in generations, home prices have gone gangbusters recently, climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the 12 months that ended in May, according to CoreLogic.

Toss in persistently low interest rates, tax goodies that come with owning a mortgage, and the psychological payoff from planting your roots, and maybe it’s no wonder real estate remains popular.”

The article also revealed that:

“Bankrate’s Financial Security Index — based on survey questions about how people feel about their debt, savings, net worth, job security and overall financial situation — has hit its third-highest level since the poll’s inception in December 2010.”

Bottom Line

We have often written about the financial and non-financial reasons homeownership makes sense. It is nice to see that Americans still believe in homeownership as the best investment.

 

Comments

Troy, this is not hard to see why when we factor in that homeownership is also satisfying the basic need for shelter. Even in areas where real estate appreciates at a slow or even negative rate, the current Tax benefits that home owners can benefit from, makes homeownership a definite favorite.Aloha!

Posted by Monique Ting, Oahu Real Estate (INET Realty Honolulu, HI) 21 days ago

Indeed, homeownership has proven over and over again to be the best source of financial stability for Americans. The net worth difference between renters and home owners is staggering.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) 21 days ago

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