Recently a chief economist for Fannie Mae, Douglas Duncan, told a group of financial professionals he sees no recession in sight. His group forecasts the economy will grow by a conservative 2% this year. But, he added, “Frankly, from a housing perspective, I think there will be a strong growth.”
Mr. Douglas is particularly optimistic regarding the growth of Baby Boomers as real estate investors. Many of them may choose to downsize or relocate as they get closer to retirement. Another group he sees showing interest in buying homes is the Millennials, particularly older ones who may have been renting single-family homes up until now and consider the time is right to buy.
With this information in mind, it looks like investing in real estate could offer a solid foundation for wealth growth – be it as an Investor for additional monthly income on rentals, or as homeowners who benefit with tax write-offs and equity growth in their home.
For over 29 years now, Sun Pacific Mortgage and Real Estate, a family owned and operated business, has been here helping with hard money loans. We have put thousands of buyers into homes and financed thousands of trust deed offerings through private investors, who were looking to make higher returns.
Check out our website or call us at 707-523-2099 with any questions about investing in real estate trust deeds. We are here to help you with your real estate borrowing and investing needs.
Best, Forest - The Guy in the White Hat
Hard Money Broker at family owned and operated Sun Pacific Mortgage & Real Estate, California's Hard Money Lender Since 1988. www.Sunpacificmortgage.com 707-523-2099.
CA BRE License #01000559. NMLS #289456