NEW YORK – April 24, 2015 – For the second year in a row, the largest percentage of Americans surveyed by Gallup (31 percent) said that real estate as the top long-term investment – a sign of mounting confidence in the housing recovery.
Real estate beat out other long-term investment options, such as stocks/mutual funds (25 percent rated it tops), gold (25 percent), savings accounts/CDs (19 percent) and bonds (6 percent).
The pattern has shifted in the past few years. Financial security reigned as a top priority after the recession. As a result, people preferred to park their money in savings accounts and CDs as a hedge against additional losses.
According to Gallup, Americans’ attitudes about real estate as a long-term investment started to show up in last year’s annual survey, and “continued strength this year indicates it was no fluke.”
Source: RISMedia (04/23/15) De Vita, Suzanne
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