Real Estate Is Still Considered the Best Long-Term Investment

Real Estate Is Still Considered the Best Long-Term Investment

With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below):

If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.

Why Do Americans Still Feel So Positive About the Value of Investing in a Home?

Purchasing real estate has typically been a solid long-term strategy for building wealth in America. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes:

“. . . homeownership is a catalyst for building wealth for people from all walks of life. A monthly mortgage payment is often considered a forced savings account that helps homeowners build a net worth about 40 times higher than that of a renter.”

That’s because owning a home grows your net worth over time as your home appreciates in value and as you pay down your mortgage. And, since building that wealth takes time, it may make sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments going toward your home equity.

Bottom Line

Buying a home is a powerful decision. So, it’s no wonder so many people view real estate as the best long-term investment. If you’re ready to start on your own journey toward homeownership, connect with a local real estate advisor today.

 

South Florida Luxury Real Estate | Ocean Area Living | Heather Lefebvre

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Heather Lefebvre

Heather Lefebvre is a licensed Real Estate Broker in Florida with 20+ years of experience. She specializes in the South Florida market and works with Adache Real Estate, a full-service brokerage firm. With a finance background, Heather brings extensive knowledge to every transaction, including single-family homes, condominiums, commercial real estate, and bulk sales. She is an expert in foreclosed (REO) and short sale properties. Heather holds certifications as a Certified Residential Specialist (CRS), Luxury Home Market Specialist (CLHM), and International Property Specialist Member (CIPS). As a Certified Luxury Home Marketing Specialist (CLHMS), she has achieved exceptional performance in luxury markets, offering expertise and confidence to affluent buyers and sellers. Contact Heather Lefebvre at Adache Real Estate LLC for all your real estate needs in South Florida.