There was a lot of talk earlier this year — empty chatter in our opinion — that because of changes in federal tax law, real estate was not as good an investment as it once was.
Recent research (courtesy of Keeping Current Matters) indicates that the public didn’t buy the argument. For the fifth year in a row, Americans consider real estate the best place to realize long term returns. It outranks stocks/mutual funds; gold; savings accounts/CDs, and bonds as the number one option for your money.
Generation X (those aged 34-54) lead the way in that opinion, followed by baby boomers (born between 1946 and 1964) and millennials (22-37 years of age).
Public opinion about real estate has come a long way since 2011, when Americans favored gold as the best investment.
Real estate also has the added benefit of being a financial option that you can enjoy immediately while waiting for your long term financial return!
The market on Cape Cod has really picked up. Homes that are priced right can be on and off the market in as little as a day, which just happened to one of our listings. That same week we had accepted offers on two other homes — one was on the market for two days; the other for seven!
This is also the time of year when buyers with families are looking to be settled in time for their kids to start school in September.
If you have any questions about the market and whether this is a good time for you to sell or buy, please get in touch. We’d be happy to help.
Next week, we’ll be blogging from the Tom Ferry Success Summit 2018. This is the ultimate training event for real estate agents who are committed to building and sustaining their careers.
Ferry is the leading real estate coach in the country and we both participate in training activities and individual coaching offered by his organization.
We’re looking forward to a great experience and sharing with you all that we learn.
Mari and Hank