A year ago, Gallup reported on Americans’ confidence in real estate as a solid long-term investment. Now, for the second straight year, more Americans name real estate than stocks, gold, savings accounts/CDs or bonds as the best long-term investment.
Today real estate is either the top choice or tied for the top choice as the best investment among all major gender, age and income groups.
Real estate took a pounding in home values and consumer confidence after the subprime mortgage crisis that started in 2007 spurred the financial crisis of 2008, deepening the 2007-2009 recession. A return of Americans’ confidence in real estate as a solid long-term investment was first evident a year ago, and its continued strength this year indicates that was no fluke.
