With home ownership! Gallup recently released results from their April Economy and Personal Finances poll that asked Americans to choose the best option for long-term investments. Given the choices of real estate, stocks & mutual funds, gold, savings accounts & CDs, or bonds, Americans today think real estate is the best option for long-term investments, ranking it ahead of gold and stocks. As housing prices continue to improve, I believe more and more Americans will consider real estate to be their best course of action for long-term investment.
This belief that home ownership builds wealth is also backed by a study published in 2012 by the Federal Reserve (Federal Reserve Bulletin June 2012 Vol. 98 No. 2) that revealed a homeowner’s net worth is 30 times greater than that of a renter. The average homeowner had a net worth of $174,500 while the average net worth of a renter was $5100. It is a great time to be building wealth by buying a home now so you can take advantage of the low interest rates and spring inventory. Give me a call and put my 20
years of real estate experience to work for you! 603-526-4116; www.donnaforest.com; firstname.lastname@example.org.