Real Estate Is Still Considered the Best Long-Term Investment

Real Estate Is Still Considered the Best Long-Term Investment




With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below):

If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.

Why Do Americans Still Feel So Positive About the Value of Investing in a Home?

Purchasing real estate has typically been a solid long-term strategy for building wealth in America. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes:

“. . . homeownership is a catalyst for building wealth for people from all walks of life. A monthly mortgage payment is often considered a forced savings account that helps homeowners build a net worth about 40 times higher than that of a renter.”

That’s because owning a home grows your net worth over time as your home appreciates in value and as you pay down your mortgage. And, since building that wealth takes time, it may make sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments going toward your home equity.

Bottom Line

Buying a home is a powerful decision. So, it’s no wonder so many people view real estate as the best long-term investment. If you’re ready to start on your own journey toward homeownership, let’s connect today.

Contact the Patrick Group at 248.755.3545 for off market homes!

[email protected]

[email protected]

15 Properties
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$1,800 / month
Neighborhood: Trumbull Boulevard
3
Beds
2
Baths
3,918
Sq.Ft.
1926
Year Built
2
Days on Site
20240023824
MLS
$350,000
Neighborhood: John R Hitchmans Gardens
3
Beds
2F11/2
Baths
1,771
Sq.Ft.
2021
Year Built
9
Days on Site
20240022109
MLS
$217,999
Neighborhood: Meadowood
3
Beds
1F11/2
Baths
1,008
Sq.Ft.
1950
Year Built
9
Days on Site
20240022242
MLS
4
Beds
1F11/2
Baths
1,688
Sq.Ft.
1860
Year Built
15
Days on Site
20240004676
MLS
$95,000
Neighborhood: Marwood Heights (Plats)
3
Beds
1
Baths
1,080
Sq.Ft.
1951
Year Built
15
Days on Site
20240020609
MLS
$115,000
Neighborhood: Schoolcraft Sub No 2(Plats)
3
Beds
1
Baths
1,486
Sq.Ft.
1928
Year Built
19
Days on Site
20240019905
MLS
4
Beds
3F11/2
Baths
2,450
Sq.Ft.
1998
Year Built
28
Days on Site
20240017345
MLS
1
Beds
1F11/2
Baths
7,600
Sq.Ft.
1979
Year Built
49
Days on Site
20240012313
MLS
7,600
Sq.Ft.
53
Days on Site
20240011369
MLS
39.48
Acres
56
Days on Site
20230058691
MLS
$20,000
Neighborhood: Elm Park Sub
0.12
Acres
56
Days on Site
20230104595
MLS
$750
Neighborhood: Arthur J Robertsons Add
3,234
Sq.Ft.
56
Days on Site
20230101604
MLS

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