Real Estate Still Holds the Title of Best Long-Term Investment

Real Estate Still Holds the Title of Best Long-Term Investment

With so many headlines about home prices and mortgage rates, you may be wondering whether it makes sense to buy a home now or whether it’s better to continue renting. Here is some information that can put your mind at ease and show that investing in a home is still an important decision.

According to Gallup experts, real estate has been named the top long-term investment for twelve years in a row. It has consistently outperformed other investment types such as gold, stocks and bonds. Just look at the graphic below – it speaks volumes:
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But why is real estate still the top long-term investment? Because even today, buying a home can still be your golden ticket to long-term wealth creation.

Unlike other investments, which can feel a bit like a roller coaster ride with all the ups and downs and ongoing risk factors, real estate follows a more predictable and positive pattern.

History shows that home values ​​typically increase. While prices may vary depending on the market, this means your home is likely to increase in value over time. And this will help you increase your net worth significantly. As a article explains:

“Ownership has long been associated with building wealth – and for good reason. Instead of throwing rent out the window every month, you can build home equity by owning a home. And over time, equity can turn your mortgage debt into a significant asset.”

So if you’re unsure whether to rent or buy, remember that real estate has consistently been voted the best long-term investment for good reason. And if you want to get in on the action, it might make sense to buy (if you’re willing and able to do so).

Bottom line
When it comes to building wealth that will stand the test of time, real estate is king. If you’re ready to begin your own homeownership journey, contact a local real estate advisor today.