I read some place years ago that more millionaires have been produced through real estate investments than any other vehicle. This recent survey shows that is still how most people feel.
Current projections are that a person buying a median priced house will add about $40,000 to their net worth over the next five years. Like to get your share (or maybe even more?). Give me a shout or text at 484-574-4088 and lets set up a time to talk.
Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable.
Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans:
“What do you believe is the safest investment over the next 10 years?”
U.S. housing came in at number one, beating out other investments such as gold, stocks, bonds, and savings.
Here is a graph showing the top five investments Americans selected:
The findings of the Porch.com survey also coincide with two previous surveys done earlier this year:
- The Federal Reserve Bank’s 2019 Consumer Expectations Housing Survey reported that 65% of Americans believe homeownership is a good financial investment, and that the percentage has increased in each of the last four years.
- The Gallup survey showed that Americans have picked real estate as the “best” investment for six straight years.
Bottom Line
Based on all three surveys done this year, we can see that Americans still believe in homeownership as a great investment, and that feeling continues to grow.