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Buying is a Home is a Good Investment

By
Real Estate Agent with Keller Williams Shore Properties 1005238

Investing in Ocean County Homes

Americans still believe that buying a home is a great long-term investment – and we agree!

Buying a home can be a daunting task, especially if it's your first time. Deciding if it's a good investment or not can be more complicated, depending on how long you intend to own the home. And many millennials and Generation Zers are making the leap. One of the largest share of all home buyers are 36 years and younger, and a large percentage are first-time home buyers.

Ocean County First Time Home Buyers Information

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.

Bankrate asked Americans to answer the following question:

“What is the best way to invest money you wouldn’t need for 10 years or more?”

Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments – such as savings accounts and CD’s – came in second with 23% (the same as last year). The chart below shows the full results:

Home Buying is a Good Investment

The article points out several reasons for these results:

“After bottoming out at the end of 2011 following the worst housing collapse in generations, home prices have gone gangbusters recently, climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the last 12 months, according to CoreLogic.

Toss in persistently low interest rates, tax goodies that come with owning a mortgage, and the psychological payoff from planting your roots, and maybe it’s no wonder real estate remains popular.”

The article also revealed that:

“Bankrate’s Financial Security Index — based on survey questions about how people feel about their debt, savings, net worth, job security and overall financial situation — has hit its third-highest level since the poll’s inception in December 2010.”

Bottom Line

We have often written about the financial and non-financial reasons homeownership makes sense. It is nice to see that Americans still believe in homeownership as the best investment.

Karl Hess & Keller Williams Shore Properties provides expert real estate services to residential buyers and sellers in Barnegat and the surrounding communities. Contact us today for more information on Ocean County Real Estate and for professional assistance navigating this complex home market.

As always, thank you for your time and feel free to get in touch if you have any questions. Karl Hess, Keller Williams Shore Properties - #1 Real Estate Office in Ocean County

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770 Lighthouse Dr. Barnegat, NJ Phone: 732-797-9001

 

 

 

Comments (3)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Why not invest in yourself by buying a home instead of giving your money to a land  lord.

Jan 31, 2018 06:07 AM
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Karl Hess 

Thank you for sharing your information

Have a great day.

Jan 31, 2018 06:08 AM
Golden1 Agents
San Mateo, CA

Thank you for sharing this.

Feb 01, 2018 02:48 AM