According to a recent Gallup poll, Americans believe real estate is the best long-term investment. This marks the second consecutive year real estate has topped the poll, representing a significant shift in consumer sentiment in regard to the economic recovery.
Here is a breakdown of current long-term investment preferences.
Real estate – 31%
Stocks/mutual funds – 25%
Gold – 19%
Savings accounts/CDs – 15%
Bonds – 6%
The increased preference for real estate coincides with the creation of a number of initiatives to expand the range of potential home buyers, including the Fannie Mae/Freddie Mac 3 percent down payment program and the loosening of credit standards that had previously made it tougher to obtain a mortgage.
Call me and lets talk about getting you some real estate to balance out your portfolio. This is from my monthly “E” newsletter. If you would like to subscribe just let me know and I’ll sign you up!