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”]
Short Sale or Twilight Zone Episode? Bank of America only knows…
I was really hoping that I had a nightmare last night, but after opening my emails this morning….It really happened! Yesterday was a perplexing day in our world of Short Sales. The call we received from a family in the midst of a Chapter 7 Bankruptcy was not uncommon....
Thank You! We're blessed to have ALL the clients!
Choosing A Real Estate Agent, Once You Decide To Short Sale Your Home…
If you have made the decision to do a short sale, there is another tough decision to make. Representation. Who are you going to use to represent you in the sale of the home, negotiate, and do whatever it takes to close the sale (within legal parameters, of course). In...
Great incentive for buyers-tax credit works like interest-free loan
If your a buyer and have been waiting for the right time this little gem might be the reason to sign on the dotted line! By Kenneth R. Harney, Washington Post Writers Group - L.A. Times WASHINGTON -- Anyone who's been sitting on the sidelines hesitant to jump into the...
Housing Act of 2008…A Very Brief Description
For those who don’t have enough time to muddle through the recent Housing Act
The new and improved…Countrywide Short Sale process…Please!
After being transferred more than 9 times to the same 3 departments, finally someone who seems to be able to answer my questions! I must say, I was jumping out of my seat with joy when the fellow at the other end of the line Countrywide guy told me that Countrywide...
Short Sale Myths….Fact or Fiction? #4
Here's a question that is asked at least one time a day, and with good cause: Q:How do you get paid? (the real estate agent) A: The bank (your lender) will pay commissions along with all the other usual closing costs. That's important for you to know. When your in...
Countywide…loan modification…are they serious???
With loan modifications all over the news and our government “pressuring” lenders to find a solution, I would have expected more from the biggest mortgage whore in the free world, Countrywide. A client of ours was facing foreclosure. Countrywide is their mortgage...
If your a home owner and can't make the Payments READ THIS…SB1137
If you have purchased a home in California during the time period of 2003-2007 California State Bill 1137 and are in danger of loosing your home you will want to understand this new law. Effective on or around September 8th mortgage lenders doing business in...
Short Sale Myths….Fact or Fiction? #1
We are offering this series as a guide to help you overcome the myths as they relate to the Short Sale process of selling your property. Question: How many months late do I have to be on my mortgage to qualify for a short sale? Answer: You don’t have to be late at...
Urgent Short Sale Myth Breaker…..!!!!!
No Qualifying Needed to Short Sale! If you can't make the Payments you can sell your home using a Short Sale. We received a call from one of our “bloggers” asking us what they need to qualify to Short Sale their property. Within a few seconds of speaking with this...
Short Sale Myths….Fact or Fiction? #2
There are so many myths about short sales. Here's a very common question with an answer that will probably surprise you: #2 Q: I just missed a payment and I know I will miss more...how long does the foreclosure process take and is there time to do a short sale? A: The...
Short Sale Myths….Fact or Fiction? #3
It's amazing when we talk to sellers about the dynamics of a Short Sale and learn that the information that was given by real estate professionals that proclaim to be knowledgeable in dealing with Short Sales. Let's start with one of our most asked questions: #1 Q: I...
Do you hate your mortgage broker?
An agent from Chicago is firing back at the mortgage industry. Sweet revenge? www.IHateMortgageBrokers.com
The Hope for Homeowners Act of 2008…Who qualifies? Will it help me?
Questions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from foreclosure:
Buyers of Short Sale Homes Are Getting Great Value for their Patients and Holding Power!
Short Sales…those two words hold more mystery and intrigue than the best Bond movies! No matter if you’re the buyer or the seller there’s a lot going on behind the scenes while waiting on the banks to respond to the “offer.” Kris and I specialize in listing these...
IndyMac…Short Sale Approval!…No Not Really, Well, Ok But…It's Gonna Cost You!
Not that you want an education on Short Sales, I know to some people it's like speaking a foreign language. I'll try not to bore you, but just a little insight that will hopefully help you to understand just how amazingly Crazy this day has been. Often during the...
These Banks are IN DANGER of FAILING…They are facing the same demise as INDYMAC.
These banks are in danger of government takeover just like IndyMac.