Here’s Why Buying Real Estate Is Still the Best Long-Term Investment
Lately, it seems like every headline about the housing market comes with a sense of wonder, right? Are prices going up or down? Will rates ever come down? And with all this media noise, it may leave you wondering … does it really make sense to buy a home right now?
But here’s something to ponder on … Real estate has always been about the long-term investment. And when you look at the BIG picture, not just the latest headlines, it’s easy to see why so many people say it is still the best investment you can make – yes, even now.
According to the just-released annual report from Gallup, real estate has been voted the best long-term investment for the 12th year in a row. That’s over a decade of beating out stocks, gold, and bonds as America’s top pick.
SOURCE: Gallup
And this isn’t new, news if you will … Real estate usually claims first place as being the best investment. But what’s really interesting, this year’s results came in just after a rocky April for the stock and bond markets. It shows that, even as other investments had crazy swings, real estate still held its ground. That is likely because it gains value in a steadier, more predictable way. Gallup explains …
“Amid volatility in the stock and bond markets in April, Americans’ preference for stocks as the best long-term investment has declined. Gold has gained in appeal, while real estate remains the top choice for the 12th consecutive year.”
This speaks volumes, doesn’t it? While things may feel a bit uncertain in today’s economy, it’s clear that real estate can still be a powerful investment.
Yes, home values are rising at a more moderate pace than was in recent years past. And in some markets, prices may even show flat in the year ahead or even dip a little – but that’s just the short-term view. Don’t let that cloud the bigger picture.
Real estate has a long track record of gaining value over time. That’s the kind of growth you can count on, especially if you plan to live in that home for a long time.
That’s part of why we continue to buy-in to homeownership … to live the American dream – even when the headlines may sound a little uncertain. As Sam Williamson, Senior Economist at First American, says:
“A home is more than just a place to live—it’s often a family’s most valuable financial asset and a cornerstone to building long-term wealth.”
Remember, real estate is not about overnight gains. It’s about long-term gains. So, don’t let the uncertainty of a shifting market make you think it’s a bad time to buy.
Here’s our May Market Overview, giving you a snapshot as to where we are in today’s market.
If you are unclear if buying or selling a home right now is the best move for you – feel free to contact me to discuss your wants/needs and goals. I am here and happy to help!
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