Should I Move Or Renovate? The Data The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of
Gallup Long-Term Investment Poll
“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, stocks/mutual funds, gold, savings accounts/CDs, or bonds.”
7 Year Run
For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained:
“Real estate 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 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:
The belief of the American people in the stability of housing as a long-term investment remains strong, even through the many challenges our economy faces today.
And experts agree – the home you own is an important tool for building your net worth. Here’s what many of those experts have to say about building long-term financial stability through homeownership.
Shopping around for a mortgage can provide savings beyond just the interest rate. Borrowers could save thousands in lender fees as well
The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with all parties, and navigating local laws and regulations.
So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market.