Over the past year, experts have been going back and forth over whether or not the United States is headed for a recession. More recently the risk of a recession has waned, but even with the possibility on the horizon, real estate remained strong.
In fact, real estate was ranked by Americans as the safest investment over the next ten years! Check out the numbers from Porch.com’s poll, and learn why now is the prime time to buy.
The Best Investment? Real Estate.
Porch.com is a site dedicated to helping homeowners complete home renovations big and small, and they recently conducted a survey on generational housing outlooks. One of the questions on the survey? “What do you believe is the safest investment over the next 10 years?”
U.S. housing took the number-one spot, coming in as the response for 27.2% of those surveyed. It was closely followed by savings accounts, with 21.8%, then gold (16%), U.S. bonds (10.6%), and U.S. stocks (10.4%). Additionally, every generation overwhelmingly agreed that owning a home was a good investment, and most also expected the housing market to rise in the next ten years.
And Other Surveys Agree!
It’s not just Porch.com‘s survey that paints the housing market optimistically; there were two additional, unrelated studies that found similar results.
- The Federal Reserve Bank’s 2019 Consumer Expectations Housing Survey discovered that 65% of Americans believe owning a home is a good investment, a number that has been steadily increasing over the past four years.
- A Gallup survey also showed that Americans have picked real estate as the best investment for the past six years in a row.
Why Now Is the Prime Time to Buy
If you’re interested in starting to grow your investment, then now is the perfect time to start your home search. Mortgage rates—which have already been at near-record lows for most of the year—are expected to stay low into 2020. Buying a home now as opposed to waiting a few months could end up saving you a significant amount!
And it’s not only the financial side of things—since winter is typically a slower time for real estate, you won’t have to compete with nearly as many buyers in the Triangle area as you would in the spring. That means you can take your time and find a home that perfectly fits your wants and needs.
Navigate Triangle Real Estate with Linda Craft & Team
With over 350 years of combined real estate experience, Linda Craft & Team, REALTORS® has been helping Triangle residents successfully buy and sell homes for decades. If you’re ready to start growing your investment, then we’re here to help!