NORWALK, Conn. – Sept. 6, 2016 – Despite recent gains in the stock market, Americans have more confidence investing in real estate. About a quarter of Americans surveyed said real estate was their top choice for long-term investing, according to a new national survey released by Bankrate.
Consumers selected real estate as the top pick to invest money they wouldn’t need for more than 10 years, followed by cash investments (e.g. certificates of deposit and savings accounts). Then, coming in a distant third was the stock market.
“Houses are tangible,” says Sterling White, co-founder of Holdfolio, a real estate investment firm. “You can physically see and feel the product. So you know where your money is going: It’s going into that house. With stocks, you have no clue where your money is going.”
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