Do Americans Believe a Home is Best Investment?

Do Americans believe a home is a better investment than stocks?

In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.

The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):

REASONS WHY HOME IS BETTER THAN STOCKS

Housing Prices are less volatile 55.7%

Desired living environment provides stability 53.9%

Tax Reasons 47.5%

Bottom Line

The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:

“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”

Mark Segreto 941-444-2270

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