More than 1 in 4 Americans (27 percent) said real estate was the best investment for money they would not need for at least a decade, according to a new Bankrate.com survey of 1,000 investors. Cash came in second with 23 percent of investors, only 17 percent said the stock market is their preferred place for long-term money and just 5 percent said they would put their long-term money in bonds.
It is the first time real estate has taken the top spot in the three years Bankrate has been conducting the survey. Cash was investors’ favorite in 2013 and 2014.
- Men were more likely to favor real estate while women were more likely to favor cash investments.
- Among the youngest in the survey (between 18 and 29 years old), the majority (32%) favored cash.
- Among those between 30 and 49, the majority (32%) favored real estate.
Read more at: Bank Rate Finance
Helpful information: FHA Step by Step Mortgage Guide