According toBankrate’s latestFinancial Security Index Poll,Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.
Bankrateasked 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:
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’sFinancial 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.”
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.
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Scottie Smith, a native of Houston,Texas, has an extensive background in real estate. Mr. Smith specializes in sales,investments, property analysis and valuation of multifamily and single family properties in Texas. He has been recognized nationally as an exceptional leader in real estate and locally by the City of Denton Mayor, And the Dallas Chamber of Commerce as a leader in providing housing for the public. Mr. Smith’s passion for real estate as well as his drive to create the perfect real estate transaction is what drives his success. Because of this, Mr. Smith was awarded one of the Top Honors by the National Association of Realtor as one of the Top 30 young Real Estate Brokers Under 30.
Scottie Smith holds a B.B.A in finance from the University of North Texas and a M.S in accounting from the University of Notre Dame. While attending the University of North Texas, Scottie completed his first real estate transaction at the age of only 19.