Real estate has become the best long-term investment for the seventh consecutive year
BREVARD COUNTY, FLORIDA Each year Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks / mutual funds, gold, savings accounts / CDs or bonds.
For the seventh consecutive year, real estate has become the best long-term investment.
Historically, real estate has always been a solid investment, says Jennifer McCoy, broker / owner of McCoy-Freeman Real Estate, which serves the entire coast of Floridas Space.
According to the Gallup survey, more than a third of Americans have identified real estate as a top investment since 2013, when the housing market was on the upswing, says McCoy.
Americans became less likely to view stocks or mutual funds as the best long-term investment after US markets fell by more than a third as the economic implications of the coronavirus epidemic worsened produced last month.
This year’s results indicate that 35% of Americans have chosen real estate, followed by stocks at 21%.
The full results covering the last decade are shown in the table below:
The belief of the American people in the stability of housing as a long-term investment remains strong, even through the many challenges facing our economy today.
ABOUT THE AUTHOR
Bobby Freeman, a lifetime resident of Brevard County, has been a leading real estate agent in the area for over two decades. In his first year as an agent, Freeman received a Rising Star award from his brokers. Since then, he has won numerous sales awards from some of the largest real estate companies in the world.
Freeman, Jennifer McCoy and Nikki McCoy-Freeman are the family owners of the McCoy-Freeman real estate group on the space coast of Florida. Together, they have over 40 years of in-depth experience in all aspects of the real estate industry, have sold over $ 420 million and are ranked in the top 1% of all Florida real estate agents.
Among the achievements of the McCoy-Freeman group are the certified specialist in marketing of luxury homes (CLHMS), the certified experts in property in distress (CDPE), the accredited representative of buyers (ABR) and elected best real estate agent in Brevard county. . The group has been featured in numerous publications, including CNN Money Magazine, CNNMoney.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine and SpaceCoastDaily.com.
For more information, log on to BrevardRealtyConnection.com
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