Americans Believe Real Estate is Best Long Term Investment
Americans Believe Real Estate is Best Long-Term Investment. According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.
Bankrate asked Americans to answer the following question:
“What is the best way to invest money you wouldn’t need for 10 years or more?”
Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments – such as savings accounts and CD’s – came in second with 23% (the same as last year). The chart below shows the full results:
Americans Believe Real Estate is Best Long Term Investment
Americans Believe Real Estate is Best Long-Term Investment
The article points out several reasons for these results:
“After bottoming out at the end of 2011 following the worst housing collapse in generations, home prices have gone gangbusters recently, climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the 12 months that ended in May, according to CoreLogic.
Toss in persistently low interest rates, tax goodies that come with owning a mortgage, and the psychological payoff from planting your roots, and maybe it’s no wonder real estate remains popular.”
The article also revealed that:
“Bankrate’s Financial Security Index — based on survey questions about how people feel about their debt, savings, net worth, job security and overall financial situation — has hit its third-highest level since the poll’s inception in December 2010.”
Bottom Line
We have often written about the financial and non-financial reasons homeownership makes sense. It is nice to see that Americans still believe in homeownership as the best investment.
Call Us Now To Sell Your Home…
Office: 909.985.9392 or Text Us: 714.657.6634
[gravityform id=”15″ title=”true” description=”true”]
When a Loan Modification won't help you keep your home….
If your reading this blog, chances are you have tried a loan modification and found that the terms offered to you by your lender are not going to do enough to allow you to keep your home. Let's face it, the hype of loan modifications gave us all hope in some...
Loan Modifications are Granted…Not Negotiated
After dozens of submissions for Loan Modifications for our friends and family...as well as our clients, we can confirm this.... In our experience, a loan modification is either Granted or Denied. The terms of the loan modification are solely up to the servicer....
Facing The Giants
This is a great motivational video...a short 6 minutes...but praiseworthy. As agents we're faced with "Peaks and Valleys." It's how you address the steep climbs when your in the valley's that tests our reserve. Challenge yourself to go the extra mile. Be a leader. By...
Home Wrecker!
Victorville, CA... Kim and I have 2 short sale listings next to this catastrophe'. Price drops have hit as much as 65% from their 2006 highs. Despite the rhetoric coming from Washington's talking heads, we still have 2 to 4 years of this devastation left in the So Cal...
Bank of America Easing Short Sale Policy
In an article released today, Bank of America is easing their policy to accept no less than 10% on HELOCs and 2nd mortgages. The new policy is reducing the payoff amount to 5% for a short sale. A majority (77%) of California foreclosures carry HELOCs and 2nd...
California Defaults Reach Record High
According to MDA Datequick statistics (Monitors Real Estate Activity), 135,431 NOD's sent to California homeowners in 1st quarter of 2009...up 80 percent from 4th quarter 2008. What changed? Banks sat on their hands while the government restricted foreclosures with...
Loan Modification Not Working?
Wish we could say that was a unique situation, but in California most loan modifications are not working! If you've been down that path and now realize that keeping the property is not an option, call us. Don't just walk away from that property and give it back to the...
Are You Hungry? Watch This and Think of Yourself Blessed!
View this movie at cultureunplugged.com
Just posted on ActiveRain: Rea…
Just posted on ActiveRain: Real Estate Short Sale Myths Video Series #1 http://activerain.com/t/1009652
Inland Empire Homes Expected to Drop an Additional 10-30% Over the Next 1.5 Years
Kris & Kim share a report from the Inland Valley Daily Bulletin. California Home prices are going to decline an additional 10-30% over the next 1.5 years. If you need help selling your home that's underwater...Call Kris & Kim 714-615-7605
Don't Let Your Home go Into Foreclosure
Foreclosure is an ugly word and there are few ways to avoid it. The best and most effective answer is to sell the property. If your upside down in value then it would be called a Short Sale...or selling the property "short" of what's owed. They are common place in...
Recession Is Spawning A Group Of "Newly Poor" People Within San Bernardino County
An eye opening article was just published, referring to an onslaught of people that are being referred to as the "Newly Poor". Gary Madden, the director of San Bernardino County 2-1-1, states this...."We're on track for about 70,000 calls this year for people needing...
My Homes Not Only Depreciated in Value…The Neighborhood is NOT What it Used to Be!
Something to think about when your trying to figure out how to keep that beautiful home you purchased a few years ago. If your like most homeowners, when you purchased your home, you placed a good chunk of money down on a beautiful home in your desired neighborhood. ...
California Foreclosure "Shadow Inventory" between 80,000 & 100,000 Homes. Can It Get Any Worse?
Shadow inventory is the number of foreclosed homes not currently on the market. What this means is that when this foreclosed inventory is unleashed, prices will be pushed down much further than projections estimated. Current estimates are a continued drop of 10 to 30%...
Home Prices expected to decline according to Analyst….IE watch out!
Hot off the press…According to the senior director of market economics and risk analysis for Walnut Creek-based PMI Group Inc., a mortgage investor insurance firm, was commenting during an interview Monday about PMI's recently-released report on home prices. La Vaughn...
Losing your home to foreclosure?
Kris & Kim share thier Short Sale experience in a series of short videos. They have helped families in trouble by negotiating Short Sales of proeprties that have become too much for the families to handle. In many cases, Kris & Kim have helped these same...
Multiple Lenders On Your Short Sale…No Problem!
Kris & Kim share their experience with multiple lenders on a short sale. It is possible with the right help from your agent. Call Kris & Kim if you have any questions...714-615-7605 YouTube, Yahoo,
Can't Afford Your House Payments?…Short Sale
It's hard to believe that nearly 2 years have passed by since the real estate market started to self destruct...The word Short Sale was not something that was heard often. Even President Obama talks about them! Banks are overwhelmed with them and homeowners are...