Real Estate: Best Investment
New poll finds people rank real estate as “the best investment.”
Everyone need a roof over their head, and although renting and buying property are both big decisions, recently a Gallup Poll identified that both men and women agree that real estate also makes for the best investment.
Out of five categories of investments, including real estate, stocks/mutual funds, gold, savings/CDs and bonds, respectively, real estate ranked the highest in each of the following categories: men 18-49; women 18-49; men 50 and older; and women 50 and older.
With a dozen different categories being represented, only two (men and women ages 18-34 and incomes over $75,000) said that real estate wasn’t the No. 1 choice. Even then, the 18-34 year old combined category only ranked stocks/mutual funds one percentage point higher than real estate, while the top and fourth choice were separated by just seven total points, with bonds being the least favored. The $75,000-plus group selected stocks/mutual funds at 38 percent with real estate at 33 percent, and the third place choice, gold, coming in far behind at 13 percent.
In both 2011 and 2012, gold was the front runner for most groups, but has now fallen to third. Notably, none of the categories rank bonds above 8 percent this year.
The full report can be found here.
Jim Haisler is the CEO of the Heartland REALTOR® Organization, a not-for-profit trade association that helps more than 1,000 real estate professionals throughout Northern Illinois. Reach him at 815.459.0600, heartlandro.org and via Facebook.