For the 7th straight year, Americans say real estate is the best long-term investment opportunity — beating out stocks and bonds, savings accounts/CDs, and gold.
In this year’s Gallup Economy and Personal Finance survey, which was conducted April 1-14 of this year, 35% of Americans named real estate the top investment. Stocks were a distant second at 21%, followed by savings accounts at 17% and gold at 16%.
Real estate became the top investment back in 2013, as the housing market and economy was recovering from the crash about 4-5 years earlier. For the past five years, a consistent 34-35% of Americans have listed real estate as the best investment opportunity.
Gallup does this survey every year in early April, so this year it happened in the early stages of the coronavirus pandemic when much of the country was shut down or shutting down. That had the biggest impact on people’s view of the stock market. Last year, 27% rated stocks the best investment — this year it dropped to 21%.
We’re helping an investor right now buy a property here in the hot Tri-Cities housing market. If you’re thinking about investing and have questions, drop us a note anytime. We’d love to help!