Real Estate vs. Stocks — Which do Americans Prefer?
A new study from the Federal Reserve Bank of New York took a look at consumer preferences and gauged how sentiments have shifted during the COVID-19 pandemic. Participants were surveyed on which they believed was the better investment — a home or stocks.
The study concluded that over 90% of respondents preferred owning their home over investing in the stock market. Additionally, over 50% of respondents preferred the idea of being landlords and owning rental properties over purchasing stocks.
Home costs are less volatile than the stock market.
Homes provided comfort and stability.
The fast pace in which homes are appreciating in value nationwide.
Interestingly, the study also found that women were more likely to prefer homes over men, and non-college graduates also preferred homeownership more than those with college diplomas.