93% of Americans Believe a Home Is a Better Investment Than Stocks

Dated: April 20 2021

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93% of Americans Believe a Home Is a Better Investment Than Stocks

93% of Americans Believe a Home Is a Better Investment Than Stocks | MyKCM

A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.

Do Americans believe a home is a better investment than stocks?

In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.

Here’s how the results break down:93% of Americans Believe a Home Is a Better Investment Than Stocks | MyKCMThe survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):93% of Americans Believe a Home Is a Better Investment Than Stocks | MyKCM

Bottom Line

The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:

“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”

Colorado Springs Real Estate Lorian DuCharme, Real Estate Agent, EXIT Realty Pikes Peak.

Specializing in Colorado Springs Real Estate. Helping Buyers and Sellers with their Real Estate needs and making their home dreams come true. Focused on Colorado Springs, Manitou Springs, Falcon, Fountain, Widefield, Monument, El Paso County and the Front Range.  719-930-8622

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