Wednesday, May 25, 2011

57% Believe Homeownership is a Good Investment, Higher Than Others

Fannie Mae's latest national housing survey finds that Americans expressed newfound optimism about home prices, the economy, and personal finances. 57 percent of Americans still believe that buying a home has a lot of potential as an investment – ranking higher than other investments, such as buying stocks and putting money into and IRA or 401(k) plan. In addition, 30% of Americans expect home prices to strengthen over the next year, up four percentage points from the fourth quarter of 2010.

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