93% of Americans Believe a Home Is a Better Investment Than Stocks
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93% of Americans Believe a Home Is a Better Investment Than Stocks
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.
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.
Here’s how the results break down:The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):
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.â€
Author
Jennifer Villafan - Real Estate Broker
Hoff Realtors
Jennifer Villafan was born and raised on the southwest side of Chicago. Jennifer started working at her mother's real estate brokerage office answering phones in 1997 and has been a real estate professional since 2003. She graduated with a degree in organization communication from Saint Xavier University in 2005. She lives in Evergreen Park with her husband Brian. She currently works at Hoff Real Estate in Orland Park alongside her mom and stays up to date with continuing education. She has always had a passion for the real estate world.
Jennifer's passion for real estate is the reason why so many clients recommend her to family and friends. Jennifer is always told by her clients that she has follow through, gets the job done in a timely manner, and treats them just like family