Real Estate Troubles Have Not Dimmed Americans’ Faith in Real Estate

A Pew Research Center survey shows that 80 percent of U.S. adults recently polled believe a home is still the best long-term investment despite a prolonged slump in property prices. About 37 percent of respondents “strongly agree” that homeownership is the best investment; however, that is down from 49 percent in a CBS News/New York Times study conducted two decades ago. An age gap is also materializing, as Pew finds that 48 percent of those 65 and older believe in the investment value of homeownership; while the percentage is lower among younger age groups. | Read More