Gas prices are soaring. The cost of goods and services are on the rise. Yet even in times of inflation like now, Americans say real estate is the best long-term investment compared to other assets.
The best long-term investment
Recent reports share the news Americans say real estate is the best long-term investment based on a Gallup poll. This news may not be surprising to some. Real estate has actually been on an eight-year winning streak when it comes to being named the best long-term investment.
Current results show that Americans see real estate as a better investment than options such as savings accounts, bonds, stocks and gold, for instance.
In fact, 41 percent of Americans say real estate is the best long-term investment this year. Last year, 35 percent considered it the best long-term investment.
Each year stocks and mutual bonds were a distant second. In 2021, 26 percent of those polled saw stocks and bonds as the best long-term investment, which was a 5 percent increase from 2020.
More about investing in real estate
Looking back, the U.S. housing market surge began before the global pandemic and continues today. Home values have risen to an all-time high while interest rates are low.
Americans continue to see real estate as a valuable tangible asset. Even during times of inflation, buying a home is considered a good way to spend money. In the end, homeowners understand they have an asset that generally increases in value over time.
Summary
While buying a home is seen as a worthwhile investment, there is much to consider. If you are ready to look at the local market more in-depth, reach out to Ryan Roberts today. With years of experience in real estate, he can listen to your needs and wants as he expertly guides you through the entire process of buying—or selling—a home. For more real estate news, local trends and neighborhood spotlights, keep reading our blogs!