The Gallup organization conducts an annual report entitled the Economy and Personal Finances Poll, which asks Americans to choose the best option for long-term investment. It was no surprise that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds). Back in 2011, gold was the most popular long-term investment among Americans. However, with the housing market improving across the U.S. and home prices rising, more Americans now consider real estate the best option for long-term investments.
The poll also revealed that real estate was considered to be the best long-term investment by all four subgroups by age and two out of three by income:
So, if you’re looking to plan towards your future, I think it’s smart to start to take a look at real estate to help diversify as well as feel confident behind your investments. I am always here to help you look for your next investment.