Back

Why Real Estate Still Reigns Supreme as the Best Long-Term Investment

Wednesday, December 13, 2023

From the glittering allure of gold to the seemingly solid promise of stocks, there are countless ways to invest your hard-earned money. Yet, for the 11th year in a row, a Gallup poll shows that Americans still consider real estate as the best long-term investment, beating all other options. Indeed, 34% of respondents crowned real estate as their number one choice. But why is investing in a home still viewed so positively? Let's dive in.

A Tangible Asset

Unlike stocks or bonds, a home is a tangible asset. You can see it, touch it, and live in it. It's more than a piece of paper or a number on a screen; it's a living space, a place where memories are made. This tangibility gives homeowners a sense of stability and control that other investments can't offer.

Consistent Appreciation

"Home values consistently increase. Even in downturns, prices ultimately return to their upward slope."

Lawrence Yun, Chief Economist, National Association of Realtors, in an interview with Forbes

Although real estate markets can experience ups and downs just like any other market, over the long term, property values have consistently appreciated. This consistent appreciation makes real estate a reliable and powerful wealth-building tool.

Extra Income and Tax Benefits

Real estate isn’t just about buying a home to live in. It can also mean purchasing property to rent out, providing a steady stream of income. Additionally, owning a home can offer tax benefits like deductions for mortgage interest and property taxes, further adding to its appeal as an investment.*

Homeownership and Personal Fulfillment

Beyond the financial aspects, there's an emotional component to owning a home. There's a sense of personal fulfillment and security that comes from having a place to call your own, from putting down roots in a community, and from knowing that the place where you live is yours.

*Edina Realty Mortgage is not a financial or tax advisor and cannot and is not offering tax advice. Please consult a financial advisor or certified public accountant to determine what the tax implications of purchasing real estate may be.

Disclaimer: This blog post is for informational purposes only and should not be used as financial advice. Always consult with a qualified mortgage professional for advice tailored to your specific circumstances.

See all articles

Other news

Market Update - March 1, 2024
View full article
Financing a Greener Future: Home Equity Solutions for Eco-Upgrades
View full article
Navigating Home Equity Options for Renovation Projects: Beyond the Basics
View full article
Market Update - January 26, 2024
View full article
Seize the Moment: Why Now May Be the Perfect Time to Buy Your Dream Home
View full article
Why Real Estate Still Reigns Supreme as the Best Long-Term Investment
View full article
How Our Homebuyers Are Beating Rising Interest Rates: Discover Benefits of a Buydown
View full article
Capitalize on Multi-Unit Living: Your Home, Your Investment, With as Little as 5% Down
View full article
Unlocking the Potential: 4 Ways to Use Your Home Equity
View full article
National Mortgage Professional Month: Celebrating Our Teams!
View full article
Navigating the Modern Mortgage Landscape: A Closer Look at Debt Service Coverage Ratio (DSCR) Loans
View full article
Edina Realty Mortgage Earns Top Spot for Customer Satisfaction in 2022 Mortgage Industry Rankings
View full article
FHFA Loan Level Price Adjuster Clarification
View full article
Market Update - 4.13.2023
View full article
Market Update
View full article
Buyer's Bridge Loans: What They Are and How They Work
Buy now and sell later with our Buyer's Bridge loan. Don't let a dream home slip away while waiting on a pending sale!
View full article
Rate Rollback Guarantee
Obtain lower initial mortgage payments and long-term security
View full article
Expert Update - 12.02.22
View full article
FHFA Announces Higher Loan Limits for 2023
View full article
November Journal 2022
View full article
Edina Realty Mortgage Reaches $5.7 Billion in VA Loan Fundings
View full article
Government Home Loan Programs
View full article
The VA Home Loan Advantage
View full article
FHA Home Loans
View full article
USDA Guaranteed Rural Housing Program
View full article
Donating Meals for Healthcare Professionals
View full article
Introducing RAPID CLOSE
View full article
Introducing Home Advantage, a Nationwide Zero Down FHA Mortgage
View full article
Juneteenth 2021
View full article
Prosperity Home Mortgage Named One of 50 Best Companies to Work For
View full article
XLR8: The Future of Mortgage
View full article
Prosperity Home Mortgage Company Ranks 20th in Top 100 Mortgage Companies in America
View full article
COO, Justin Messer Named Among 40 Under 40 Influential Mortgage Professionals
View full article
Meet Jelaire Grillo, The Journey Wiz
View full article
Chairman and President’s Club Winners Announced for 2021
View full article
Lock, Shop & Home!
View full article
Prosperity Home Mortgage Consultants Recognized as Top 1% for Customer Satisfaction by Experience.com
View full article
Freddie Mac BorrowSmart Program
View full article