It can be a tough choice determining where to invest your money. Stocks are attractive because of their potential for high returns and a monthly statement that shows their growth (or decline!). A home may seem less enticing, because it's money you don't really see, except when you get your home appraised.
Year over year, though, real estate has proven itself to be one of the best long-term investments you can make. Take a look at the facts:
Over time, investing in a home can be a relatively safe, steady way to grow your money. While it's a good idea to seek out other wealth-building strategies, the equity in your home can be a powerful tool for growing your nest egg. Let's talk about investing in your future through homeownership.
We are not tax professionals or financial advisors. You should consult a financial advisor before making any investment decisions. The information contained in this article is for informational purposes only and may not reflect current tax year rules and regulations. Consult your tax advisor or the IRS for current tax year rules, restrictions, and regulations.
[1] Harvard University, Joint Center for Housing Studies, "Is Homeownership Still an Effective Means of Building Wealth for Low-income and Minority Households? (Was it Ever?)," Sept. 2013.
