For the 7th year running, Americans have ranked real estate as a top long-term investment. Let’s connect to discuss your real estate investment plans for this year.
Americans Rank Real Estate Best Investment for 7 Years Running | Real Estate Investment
- Real estate investment has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years so lot of Americans are considering to buy a home.
- The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today.
- Of the four listed, real estate is also the only investment you can also live in. Real estate investment that’s a big win!
Real Estate Tops Best Investment Poll for 7th Year Running | Real Estate Investment
Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select Real Estate Investment, stocks/mutual funds, gold, savings accounts/CDs, or bonds.
For the seventh year in a row, Real Estate Investment has come out on top as the best long-term investment. Gallup explained:
“Real Estate Investment remains the most favored investment to Americans, as has been the case since 2013, when the housing market was on the rebound. More than a third of Americans have named Real Estate Investment as the top investment since 2016.”
This year’s results indicated 35% of Americans chose real estate, followed by stocks at 21%. The full results covering the last decade are shown in the chart below:
93% Believe Homeownership Is Important in Attaining the American Dream | Real Estate Investment Advice
Americans continue to believe that real estate investment is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:
“Real Estate Investment remains a core element of the American Dream (Real Estate Investment).”
When asked “How important a part of the American dream is owning a home?”
- 18% of those surveyed said it was the most important part
- 53% of those surveyed said it was very important
- 22% of those surveyed said it was somewhat important
Homeownership and Financial Stability
The survey also revealed that 81% of Americans believe that real estate investment leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:
“After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.
More widespread rent growth could mean real estate investment demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.”(emphasis added)
Report: Homeownership Is a Precondition of the American Dream
Hearth just released their 2017 State of the American Dream report which showed that Americans still see real estate investment as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree real estate investment is very important to achieving the American Dream.”
Americans ranked “owning a home I love” higher than any other options (including “starting a family” and “finding a fulfilling career”) as an important part of the American Dream.
Despite some claims that real estate investment importance to the American Dream is in decline, the report found that the dream of real estate investment remains strong.
Of Americans who said they think achieving the American Dream is important, 70% think real estate investment is important to the dream, and 41% think real estate investment is very important to the dream