93% of Americans Believe a Home Is a Better Investment Than Stocks
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.
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.”
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Single-family home prices remain nearly 25% above year-ago levels at $2,050,000, even after easing modestly from June's peak.
The most striking story in the East Bay right now is how little is available for sale.
Single-family home prices have surged more than 26% year-over-year, marking the strongest annual gain we've seen this year.
Prices are rising across the board, with the condo market posting its strongest year-over-year gains in years.
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In many cases, the insurance proceeds received from a covered claim far exceeds the cost of the one-time premium paid for an owner’s policy of title insurance.
David's East Bay experience, creativity, and dedication to his clients made him a perfect fit for Elevation Real Estate
San Francisco's single-family home market continues to reach new heights, with the median sale price climbing 22.56% year-over-year to $2,200,000. This marks one of th… Read more
Prices are on the rise across the board, with single-family homes and condos both posting year-over-year gains for the first time in over a year.
Median sale prices continue their remarkable ascent, with single-family homes up more than 21% and condos up more than 18% year-over-year.
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