With Terry Story, a 25 year veteran with Coldwell Banker located in Boca Raton, FL
BankRate.com recently released results from a survey that placed Real Estate as the #1 investment choice for American consumers when asked what they considered the best investment vehicle for money they could tie up for 10 years or longer. Real Estate was comfortably ahead of stocks, which placed third. Though American consumers are still concerned about jobs and the economy, survey respondents mostly feel good about their personal finances.
27% of the survey’s respondents picked real estate, 23% picked cash investments (savings accounts, CDs, etc) and the stock market came in at 17%. Precious metals were at 14%. Bonds were farther down at 5%. 8% didn’t like any of the choices, and 7% didn’t have an answer.
Terry tells us why she isn’t surprised, and why she is delighted, by the survey’s results. That said, on the show last week, Greg McBride of BankRate.com also explained why investors must really consider stocks for the long run as their best bet to wealth creation.
Terry also tells us how lenders are relaxing standards and dropping credit score requirements significantly to encourage home ownership. And gives us the latest home improvement trends in American homes.