Is the Stock Market Really a Better Investment Than Real Estate? 5824064654117902119-blid-5803430574277371454

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CNN published an article comparing the stock market to real estate. The CNN article suggested that from 1978 to 2004, the annual average return of of the S&P 500 was 13.4%. During that same period, they suggested a "solid but unimpressive annualized return of 8.6%" for residential real estate based upon sort of a national average for appreciation in home values during that period. The article therefore concluded that in the long run, the stock market easily wins. What gives?
from: http://ezinearticles.com/?Is-the-Stock-Market-Really-a-Better-Investment-Than-Real-Estate?&id=4312293