Americans' Powerful Belief in Home-Ownership

Real Estate

The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey.  The survey reported that 65% of Americans believe home-ownership is a good financial investment.  Since 2014, the percentage has increased by over nine percent.

 

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The Fed's survey also showed that when the results are broken down by age, education, income or region of the country, more than 55% of Americans in each category see home-ownership as a good investment.

This coincides with a recent Gallup survey of Americans which revealed that real estate was their number one choice for the best long-term investment when compared to stocks, savings accounts or gold.

Bottom Line

Americans' belief in residential real estate as a good financial investment continues to grow as the housing market returns to normalcy.