Most Still Favor Home as Investment
Posted on : 24-04-2011 | By : Adam Courtice | In : Mortgage Info Online
Tags: Investment
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The vast majority of Americans still believe that owning a home is the best investment someone can make, despite steep declines in housing values over the past five years.
A new study by the Pew Foundation found that 81 percent of Americans surveyed said that buying a home is the best long-term investment a person can make. That’s nearly identical to the 84 percent that gave the same answer to a similar survey 20 years ago. The intensity of that belief has declined, however. Only 37 percent say “strongly agree” that a home is the best long-term investment, compared to 49 percent who held that view in 1991. That Read full post…