93% of Americans Believe a Home Is a Better Investment Than Stocks
Real Estate
Real Estate
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.”
Stay up to date on the latest real estate trends.
Although affordability has been improving over the past few months, monthly P&I payments are still quite a bit higher than they were last year.
Median purchase price continues to tick up, increasing by 2.75% on a year-over-year basis nationwide.
Mortgage rates have ticked up slightly over the course of the past year, and coincidentally, so has the median sale price of a home in the US.
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