Times are challenging for those of us who make a living in real estate. Yet there is always light at the end of the tunnel. A recent study by the Pew Research Center, finds that a majority of Americans say that owning a home is the best long term investment a person can make. Here is the article.
Home Sweet Home. Still
Five Years After the Buble Burst
April 12, 2011
The five-year swoon in home prices has done little to shake the confidence of the American public in the investment value of homeownership. Fully eight-in-ten (81%) adults agree that buying a home is the best long-term investment a person can make, according a nationwide Pew Research Center survey of 2,142 adults conducted from March 15 to March 29, 2011.
There has been some falloff in the intensity of the public's faith. Today, 37% "strongly agree" while 44% "somewhat agree" that homeownership is the best investment a person can make. When this same question was asked two decades ago in a CBS News/New York Times survey, 49% "strongly agreed" and 35% "somewhat agreed."
Read the full article here: