New Poll shows that Americans Prefer Real Estate to other Investments
Americans have renewed confidence in real estate as a great investment and Hwy 30a propertiess are no exception. In fact, Americans believe that real estate is the “best” long term investment followed by gold, stocks, mutual funds saving accounts/CD’s and then bonds. These findings, according to a new Gallup poll, are the result of a survey conducted early this year from 1,000 adults across the country. Bonds were found to be the least favorite investment according to the results.
In 2011, Americans surveyed said that the most popular long term investment was gold. That also marked a time when gold was trading at one of it’s highest prices per ounce ever and real estate and stock market values were down. With housing prices improving across the country, Americans are regaining faith that real estate is the best choice for long term investment security according to Gallup. Home ownership is also associated with the view that real estate is a solid investment opportunity.
Americans with higher incomes are most likely to prefer real estate and stocks as the best investments possibly because of their experience with these types of investments according to the poll. Higher income Americans are the most likely to own their own homes (87%), followed by middle income earners (66%) and then lower income earners at (36%). Homeowners represent a higher percentage than renters who choose real estate over other investments.