93 % of Americans Believe a Home Is a Better Investment Than Stocks

Dated: April 14 2021

Views: 95

93 % of Americans Believe a Home Is a Better Investment Than Stocks
This article was originally published by Keeping Current Matters in April 2021

93% of Americans Believe a Home Is a Better Investment Than Stocks

A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.

Do Americans believe a home is a better investment than stocks?

In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.

Here’s how the results break down:93% of Americans Believe a Home Is a Better Investment Than Stocks | Keeping Current MattersThe survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):93% of Americans Believe a Home Is a Better Investment Than Stocks | Keeping Current Matters

Bottom Line

The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:

“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”

Blog author image

Catherine Deschamps-Potter

Originally from France, I moved to the United States in 1988 and lived in Wisconsin for many years. My love for the outdoors made the move to Denver, Colorado a no brainer! My true expertise is in cli....

Latest Blog Posts

Why Waiting to Buy a Home Could Cost you a Small Fortune

This article was originally published by Keeping Current Matters in May 2021Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who

Read More

93 % of Americans Believe a Home Is a Better Investment Than Stocks

93 % of Americans Believe a Home Is a Better Investment Than StocksThis article was originally published by Keeping Current Matters in April 2021A recent Survey of Consumer Finances study

Read More

The Importance of Home Equity in Building Wealth

The Importance of Home Equity in Building WealthThis article was originally poosted in Keeping current Matters on 11/10/21Homeownership has always been the first rung on the ladder leading to

Read More

Knowledge is Power on the Path to Homeownership

Knowledge is Power on the Path to HomeownershipThis article was published by Keeping Current Matters in Dec 2020Homeownership is on the goal list for many young adults, but sometimes it’s hard

Read More