Friday, October 26, 2018

Real estate no longer top investment choice for Americans

Real estate no longer top investment choice for Americans?  (Source: Housing Wire)

Americans are beginning to shift their investments to other areas as real estate fell not one but two spots from being the top investment choice back in 2016.

Americans across all ages said that real estate is their third pick for the investment of money they won’t need for more than 10 years, according to a survey by Bankrate.

The survey showed 32 percent of American prefer to invest in stocks, followed by 24 percent percent who say cash investments is best and 22 percent in real estate. This is down from 2016, when real estate was the No. 1 choice. In fact, Bankrate explained that this is the first time in four years that respondents didn’t favor real estate as their top choice. “For investment horizons of longer than 10 years, the stock market is an entirely appropriate investment,” Bankrate Chief Financial Analyst Greg McBride said. “Cash is not, and especially if you’re not seeking out the most competitive returns.”
The majority of Americans actually favor investing in the stock market, including 33 percent of Gen Xers, 38 percent of Baby Boomers and 44 percent of the Silent Generation, however Millennials favored cash investments. The survey showed 30 percent of Millennials said cash is their favorite long-term investment.

My concern: have people given up on their homeownership dreams? I am not sure this is the case. But the article was written in July of 2018, and the stock market was very high, and had been going up consistently.  We can safely assume this is not always going to be the case in the future, which may in turn change those stats.

See the whole article by Kelsey Ramirez, Reporter at HousingWire.  

Thanks for reading,


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Detailed, local trends etc...

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A worthy local non-profit to remember: Second Harvest Food Bank Santa Clara County.

Monday, October 8, 2018

Buyers and Lenders...

Are you thinking of purchasing a home soon?  Do you need a loan?
Here are some interesting statistics, from the California Association of Realtors.

The Take-Away: buyers should have chosen their loan, and their lender before starting their home search, as it is an important part of the decisions they have to make relative to the whole process.  Their search will depend in part on what they find out with their lender.

Thank you for reading!  If you like my blog, share it! ;-)

Home Valuation tool
Detailed, local trends etc...
Current mortgage rates   (slightly up....)