Real estate is considered by most investors one of the best long-term bets, with stocks trailing slightly as the market enters a sixth bull year and many have been nervous about how long the run will go.
Indeed, Gallup said recent volatility in the stock market may have tarnished stocks’ image as the best long-term investment option, according to the survey, conducted April 3-6, which published April 17.
Gallup said rising house prices are just one reason why Americans are putting their bucks back into houses. In 2002, during the real estate boom that came ahead of the mortgage crisis and before gold was offered as an option, half of Americans polled gave real estate the best-investment nod. Sales trends for new homes are at historically low levels, while prices have run up more than 13% over the past year.