Solid Foundations: Why Real Estate is Still Regarded as the Best Long-Term Bet

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.

1036 Properties
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$384,999
Neighborhood: Port Charlotte Sub 05
4
Beds
2F11/2
Baths
2,031
Sq.Ft.
1999
Year Built
1
Day on Site
D6136065
MLS
$385,000
Neighborhood: Port Charlotte Sub 51
3
Beds
2
Baths
1,679
Sq.Ft.
1999
Year Built
1
Day on Site
C7491166
MLS
$619,500
Neighborhood: Bobcat Trail
4
Beds
3
Baths
2,411
Sq.Ft.
2003
Year Built
1
Day on Site
C7490997
MLS
$424,000
Neighborhood: Port Charlotte Sub 19
3
Beds
2
Baths
1,425
Sq.Ft.
2004
Year Built
1
Day on Site
N6132389
MLS
$940,500
Neighborhood: Port Charlotte Sub 50
3
Beds
3
Baths
2,335
Sq.Ft.
1992
Year Built
1
Day on Site
C7491090
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$440,000
Neighborhood: Port Charlotte 51
3
Beds
2
Baths
2,099
Sq.Ft.
2004
Year Built
1
Day on Site
O6196188
MLS
$360,000
Neighborhood: Port Charlotte Sub 51
3
Beds
2
Baths
1,788
Sq.Ft.
2004
Year Built
1
Day on Site
O6196443
MLS
$439,000
Neighborhood: Warm Mineral Spgs
3
Beds
3
Baths
1,887
Sq.Ft.
2006
Year Built
1
Day on Site
N6132406
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$354,900
Neighborhood: Port Charlotte Sub 23
3
Beds
2
Baths
1,464
Sq.Ft.
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Year Built
1
Day on Site
O6197632
MLS
$195,000
Neighborhood: Harbor Isles Ph 5
2
Beds
2
Baths
1,137
Sq.Ft.
1993
Year Built
2
Days on Site
N6129929
MLS
$530,000
Neighborhood: Port Charlotte Sub 49
3
Beds
2
Baths
1,913
Sq.Ft.
2024
Year Built
2
Days on Site
C7491362
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$380,000
Neighborhood: Port Charlotte Sub 37
3
Beds
2
Baths
1,249
Sq.Ft.
1993
Year Built
2
Days on Site
A4607315
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