According to Bankrate, Connecticut residents who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.

Bankrate asked them to answer the following question:

“Which would be the best way to invest money you did not need for more than 10 years?”

Real Estate came in as the top choice with 25% of all respondents, while cash investments (such as savings accounts and CD’s) came in second with 23%. The chart below shows the full results:

Sterling White, co-founder of Holdfolio, gave one reason as to why real estate may have ranked so high in Connecticut.

"Houses are tangible. You can physically see and feel the product. So you know where your money is going."

July’s poll also found that for the “26th consecutive month, Connecticut residents' sense of financial well-being improved when taking into account debt, savings, net worth, job security, and overall financial situation.”

Bottom Line

I have often written about the financial and non-financial reason home-ownership makes sense. It is nice to see that Connecticut residents have returned to a belief in home-ownership as the best investment. Contact a real estate professional at Dave Jones Realty for more information.