Fannie Mae says results from its fourth quarter 2020
National Housing Survey show that consumers continue to view homeownership as a
good investment.
Respondents were asked about various investment types,
including stocks, bonds, homes, and savings accounts. Seventy-five percent of
respondents indicated that homes are a “safe” investment, ranking just slightly
below a savings/money market account. Additionally, 73 percent of consumers
felt that investing in a home has “a lot of potential.”
Only 63 percent felt
that way about owning stocks. The report, written
for the company’s Perspectives
blog by Mark Palim, Vice President and
Deputy Chief Economist and Rachel Zimmerman, Market Research Advisor and
National Housing Survey Lead, says the recent single family housing market has been
especially strong. As of Q4 2020, home prices were up by double digits and
existing home sales were 20 percent higher year-over-year.  

 

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