By Lisa Selin Davis | realtor.com
We know: You’re getting mixed messages. Homeownership is at record lows. But so are mortgage rates (even though some mortgages are harder to come by). Prices are inflated in some markets. Still, real estate edged out cash (the 2013 and 2014 pick) in a survey of investments Americans would park their money in over the next decade.
The source: Bankrate.com, which says Americans love real estate once again (garnering 27% of the vote), and are less keen on the financial industry.
“Cash came in second with 23 percent of investors, only 17 percent said the stock market is their preferred place for long-term money and just 5 percent said they would put their long-term money in bonds,” wrote CNBC.
