If you are looking to make a long-term investment, you have several options. You could invest in stocks/mutual funds, gold, savings accounts, bonds, or real estate. Each year, the Gallup Poll investigates which type of long-term investment is best according to Americans. For the second straight year, the poll found that real estate investment is valued most above the other options.
These were the survey results:
- 35 percent of Americans chose real estate investment as their top choice
- 22 percent chose stocks and mutual funds
- 17 percent of those polled picked gold
- 15 percent chose savings accounts
- 7 percent chose bonds
“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,” wrote Gallup.
In 2014, only 19 percent of those polled in the Gallup Poll chose real estate as their top choice for investment. Real estate has improved as a confident investment for Americans greatly since the mortgage crisis, financial crisis, and recession of 2007-2008.
“As the average sale price of new homes in the U.S. increased from $259,300 in August 2011 to $348,900 in February of this year, the percentage of Americans picking real estate as the best long-term investment almost doubled,” according to Gallup. “During approximately the same time span – from August 2011 to April of this year – gold prices plunged from $1,910 to $1,254 per ounce, and the percentage thinking gold would be the best investment was cut in half.”
The poll also found that 32 percent of renters and 34 percent of homeowners asserted that they are likely to choose real estate for an investment. This shows that with homeownership or renting experience, Americans are still confident in their investments.
At RE/MAX Paradise, we can help you find commercial as well as residential real estate to invest in. Our expert agents are happy to help discuss real estate investment options in Miami, so contact us today!