Abbitt Realty, Newport News — Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.
For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained:
“Real estate remains the most favored investment to Americans, as has been the case since 2013, when the housing market was on the rebound. More than a third of Americans have named real estate as the top investment since 2016.”
This year’s results indicated 35% of Americans chose real estate, followed by stocks at 21%. The full results covering the last decade are shown in the chart below:
Bottom Line
The belief of the American people in the stability of housing as a long-term investment remains strong, even through the many challenges our economy faces today. If you want to learn more about how to invest in your future with real estate properties in Hampton Roads, call us today! Get matched with one of our experienced REALTORS® serving Newport News, Hampton, Gloucester, Williamsburg and beyond and receive a complimentary, comprehensive overview on different ways to invest in real estate.