Oct 31 2019 64098 1

Dated: 10/31/2019

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Real Estate Is the Safest Investment, Consumers Say


October 30, 2019

Across age groups, consumers believe that purchasing a home is a solid investment, according to a new survey from Porch.com, a home remodeling website. They’re upbeat even though many, particularly the youngest generation, believe they will face another housing crisis in their lifetime.

About 76 percent of Generation Z members, between 18 to 21 years old, said they believe another housing crisis will happen within the next 10 years. Still, they remain cautiously optimistic and are saving for a down payment to buy their first home.

Homeownership has long been linked with long-term wealth building. Porch.com surveyed nearly 1,400 consumers to ask them what they believe is the safest investment over the next 10 years. Owning a home was the overall leader.

Porch best investment infographic. Visit source link at the end of this article for more information.

© Porch.com

 

Source:  “Generational Housing Outlooks,” Porch.com (October 2019)

https://magazine.realtor/daily-news/2019/10/30/real-estate-is-the-safest-investment-consumers-say#.Xbs-zYajQsE.link

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