The Gallup organization just released their April Economy and Personal Finances Poll which asked Americans to choose the best option for long term investment. It was no surprise to us 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:
Spring 2014: Things to Consider When BUYING a House
- 5 financial reasons to buy a home
- Where are prices headed over the next 5 years?
- Experts predict interest rates will incrase significantly this year.