Feb 26

More believe buying still better than renting

Yes, the data is a bit dated.

Still, a national housing survey by Fannie Mae shows that in the third quarter 2009, 66% of consumers believed buying a home is a safe investment, compared with 16%  who believe stocks are safe.

That does not mean confidence in real estate has not been shaken in recent years: in 2003, 83% considered a home a safe investment.

However, Fannie Mae’s survey also showed that 59% of respondents still believe owning a home is a good way to build wealth…  And, 84% believe buying makes more sense than renting.

I’ll have to research more for today’s numbers….

Source:  Bloomberg, Business Week, Home Buying for the Long Haul

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