Majority of Americans say homeownership still a safe investment

Americans still believe owning their own home is a safe investment and one that sets them on the path to building their long-term wealth.

According to the latest Fannie Mae National Housing Survey, 66 percent of Americans believe owning a home is a safe investment and 57 percent say buying a home has a lot of potential as an investment, ranking higher than other investments.

Fannie Mae polled homeowners and renters in the first quarter of 2011 and found that while they are concerned about rising household expenses, they are more cautiously optimistic about the economy, home prices and their personal finances than they were at the end of last year.

More findings from the survey:

  • 67% believe it is a good time to buy a house
  • 43% think home rental prices will go up over the next year
  • 87% think that owning is superior to renting
  • 65% of renters say they would buy at some point in the future even if they are more likely to continue to rent after their next move

Find additional details about the survey and fact sheet at fanniemae.com.

 

One thought on “Majority of Americans say homeownership still a safe investment

  1. Darn right it’s a good investment! In fact, the old addage “buy low, sell high” couldn’t be more true. And who doesn’t know that home prices are low? It’s amazing to me that we even need to say this.

    Keep in mind, of the last 9 recessions, housing brought us out 7 times. Since 15% of the nation’s GDP is related to housing, it’s no wonder.

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