Confidence in Housing as an Investment Rises
With appreciation climbing and equity growing, homeownership is the investment to make—and according to new research, Americans believe it is a solid vehicle for wealth. Sixty-five percent of respondents to a survey by the Federal Reserve Bank of New York believe buying a home is a “somewhat good” or “very good” investment; less than 11 percent believe it is “bad.” Among buyers, the likelihood of a purchase is 63.9 percent, a slight uptick from 63.6 percent in 2017.
Downtown ‘Jenga tower’ marks milestone