Americans See Real Estate as Best Long-Term Investment

Americans today are more likely to perceive real estate as the best option for long-term investments, according to a new Gallup poll. The share of survey respondents favoring real estate was 30 percent, compared to 24 percent for gold and stocks. Some 38 percent of upper-income Americans favored real estate, compared to 28 percent for people with incomes of less than $30,000. Wealthier Americans are more likely to lean toward real estate and stocks possibly because of their experience with these types of investments. Some 87 percent of upper-income Americans said they owned their home, followed by members of the middle class at 66 percent and lower-income Americans at 36 percent. The preference for real estate appears to track the market’s rebound. | Read More