Americans continue to choose real estate as the “best long-term investment” when given a choice between it and gold, stocks and mutual funds, savings accounts, and bonds. In fact, 35 percent of respondents to a recent poll from Gallup said they thought real estate was the best investment, up from 19 percent in August 2011. Stocks and mutual funds came in second at 22 percent and gold – which topped the list just five years ago – was preferred by only 17 percent of respondents. Gold prices have fallen over the past few years and, as a result, the number of Americans that consider it a good investment has dropped. Real estate, on the other hand, has been rebounding. The average sale price of new homes has risen to $348,900 from $259,300 since 2011 and, with home prices still rising, so has the number of participants who chose it as the safest investment. However, the results vary when broken down into demographic groups. For example, Americans under the age of 30 were the least likely age group to choose real estate and the most likely to prefer savings. On the other hand, stocks were preferred most by Americans with higher incomes. Surprisingly, renters were almost as likely as homeowners to pick real estate as the best investment. More HERE.
13061 N 80th Place Scottsdale, AZ 85260
6504 E Oberlin Way Scottsdale, AZ 85266
27874 N 67th Place Scottsdale, AZ 85266
8822 W Deer Valley Road Peoria, AZ 85382
7127 E Rancho Vista Drive Unit 4001 Scottsdale, AZ 85251
10040 E Happy Valley Road Unit 2040 Scottsdale, AZ 85255
3222 Bear Howard -- Flagstaff, AZ 86005
6417 N 30th Way Phoenix, AZ 85016
7180 E Kierland Boulevard Unit 916 Scottsdale, AZ 85254
37295 N Boulder View Drive Scottsdale, AZ 85262
8501 E Indianola Avenue Scottsdale, AZ 85251
9248 E Desert Village Drive Scottsdale, AZ 85255
.