Clay Sparkman
I got this upbeat article as a special alert on my smart phone this week. It seems that finally the real estate market it pulling the rest of the economy forward, instead of the other way around. I would say that it’s official. Hallelujah!
Housing, regional factory data show economy’s stamina
http://us.news-republic.com/Web/ArticleWeb.aspx?regionid=1&articleid=10246360
On the other hand, a little later on the same day, I received this downbeat article on my cell phone as a special alert.
Stocks extend slide as China adds to worries
http://us.news-republic.com/Web/ArticleWeb.aspx?regionid=1&articleid=10251079
What is the take away? I get two things of substance right away: (1) Congratulations to all of you out there who work and/or invest in the real estate market. Things are really beginning to look up (after falling from a cliff, getting up, assessing our injuries, and then shuffling, wounded and aimless, through the forest—only occasionally to glimpse something that might be a road or a home, but ultimately to find that it was simply an illusion), and (2) I don’t advise people on what sectors they should be putting their money into, nor in what proportions, but I suspect that the trends indicated by these two hard hitting articles (all in the same day, no less) might just might persuade some people to move a portion of their investment portfolio from the stock market to the real estate market–either in the form of direct real estate holdings, as trust deeds secured by real estate, or otherwise perhaps as a share in a real estate pool or a REIT.
– Clay (clay@privatemoneysource.com, 503-476-2909 or 800-971-1858)
Clay is Vice President of Fairfield Financial, a primary source for private money loans since 1964. Fairfield works with a broad range of private money investors, in a broker capacity, finding, underwriting, presenting, closing, servicing, and when necessary, assisting in the workout of difficult loans.
Tags: economy, hard money investing, hard money loans, investing, private money investing, private money lending, private money loans, real estate, real estate investing, trust deed investing, trust deed lending, trust deed loans
