By Jason Boone
In a recent study of homeowners across the United States 80% of current homeowners have said that they are considering buying another home in the future and close to 60% of homeowners who were surveyed felt that home ownership is one of the best long term investments you can make.
Home Ownership vs. 401K
As of 2014 most homeowners answered that they felt home ownership was better than traditional investment vehicles including the following:
401K – 52% of homeowners surveyed answered that they would rather invest in a home versus putting more money in their 401K.
Gold – 26% of all homeowners who were surveyed felt that owning a home was better than buying gold, and that’s shocking considering that gold has been a preferred investment for the last 14 years.
Still the Best Investment for 2015?
What’s great about the Real Estate market as we head into 2015 is that both supply and demand for homes is normalizing across the United States and when you combine both of those factors with low mortgage interest rates it’s a great time to buy a home.
Home prices are still expected to increase by just 4% to 6% next year (2015) and many investors including Real Estate professionals are excited to see home price increases slowing down so that they are in line with income growth.
Learn More about Bend Oregon Real Estate
To learn more about the Bend Oregon Real Estate Market, or to view homes for sale in the area, contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by clicking here or calling me at (541) 383-1426.