Real Estate Shines as an Investment in 2015

 

 

 

 

 

 

 

 

 

 

A survey by The Joint Center of Housing Studies at Harvard University reveals that when a family is buying a home they consider the financial benefits of homeownership along with the social benefits. The survey mentions things like:

  • Paying rent does not make sense
  • Homeownership provides a good financial opportunity
  • Owning a home helps you building family wealth
  • Buying a home is investing in your retirement
  • Home equity gives you something to borrow against

So how did homeownership match up against other investments in 2015? Here is a chart that compares its return on investment against precious metals and the stock market last year:

Screen Shot 2016-01-08 at 1.22.57 PM

Bottom Line

Not only did homeownership offer all its social benefits. It also was a great investment financially. If you would like to talk more about all of the benefits of homeownership, give me a shout at olivia@oliviaschicago.com.