By Jann Swanson
Posted To: MND NewsWire
Apparently all is forgiven and forgotten and Americans are again embracing real estate as more than just shelter. For the second year in a row a Gallup telephone survey conducted in April found Americans think it is the best kind of long-term investment. Investing in real estate outstripped stocks, gold, traditional savings instruments and bonds with 31 percent of survey respondents preferring it. Stocks and mutual funds were second at 25 percent. “A return of Americans’ confidence in real estate and stocks as solid long-term investments was first evident a year ago, paralleling real world improvements in these areas,” Gallup said. “Their continued strength this year indicates that was no fluke .” Real estate took a pounding in home values and consumer confidence during the subprime mortgage…(read more)
Via:: Survey Says: Real Estate is The Best Long-Term Investment
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