Rent Sense Points to Recent Fannie Mae Latest Economic Outlook as
additional proof supporting their projections being emailed to their
clients
3rd Quarter FBS Property Newsletter for Independent Rental Owners & Serious R.E. Investors
“ All Economic Indicators Look Good for Long Term Ownership in Certain Regions of the U.S.”
by Neil Fjellestad and Chris DeMarco
Fjellestad, Barrett & Short (FBS)
FBS has over four decades of real estate experience. This
experience and expertise gives us a unique perspective which is
straightforward, direct and transparent. Well located real estate should
be owned as a long term investment since it is the safest, most
productive method for average people to build wealth. We also believe
that property should be kept rented in order to make long term ownership
possible since rent collected is helping to keep the property well
maintained and paying down loan principal. Eventually the property will
be debt free and the rent can become an excellent safe source of
additional retirement income for the investor. We have taught and
utilized this realistic “real estate doctrine” for decades while keeping
our clients on track with comprehensive advisory services and “best
practices” property management.
While the forecast for the
economy is positive, the outlook for the housing market has deteriorated
as housing activity lost momentum and near-term indicators only suggest
minor improvement, Fannie Mae said in its latest economic outlook
report.
“The August outlook supports our expectation that the economy will
grow in the second half of the year at slightly above trend and push
full-year growth into positive territory, albeit still weak by
historical standards,” said Fannie Mae Chief Economist Doug Duncan.
But when it comes to housing’s contribution to the economy, Duncan
said, “We have downgraded our outlook following the disappointing
housing activity seen during the first half of the year.”
“In the first six months of the year, total sales have run below last
year’s pace,” Duncan said. “Additionally, on the demand side, there
appears to be a conservatism among consumers and their willingness to
take on big-ticket purchases, such as homes.”
And next year does not look to be too much better. “We currently
estimate that 2014 will finish lower in total sales figures than 2013 –
and that 2015, while stronger than 2013 and 2014, will not be the
breakout year some are expecting,” Duncan continued.
Despite housing’s lack of contribution to the overall economy,
improvements in consumer spending, inventories and employment helped
support an upward revision in growth expectations to approximately 3%
for the second half of 2014, raising the forecast for all of 2014 by
four-tenths to 1.9%.
If you’re a local rental owner now you hold a winning ticket
if you want a preferred retirement. A preferred retirement includes a
personal residence plus rental properties held without debt and managed
by professionals. This financial condition allows you some important
lifestyle choices where you live and how you live. The ONLY challenge
according to Warren Buffet? Comprehensive and constant professional
management of your rental business. The solution in San Diego is
complete property advisory and management services by FBS.
Please shop and compare; not just price but services and
expertise. We have built a healthy San Diego business out of advising
independent real estate investors, acquiring and managing rental
properties for clients while providing superior housing alternatives for
qualified renters. We’ve accomplished all of this daily for longer than
four decades and currently operate rental properties (houses, condos,
apartments and commercial) in 69 zip codes throughout the region.
Our
renters can view available rentals, apply and pay their rent online. In
addition, professionals will give them personal attention to walk the
property, attend to needed maintenance items, review leasing documents
and move-in. This is modern customer service required when rent is the
#1 household expense. Our independent rental owners have their own
personal portal where they are kept in the loop on all financial
elements of their important real estate investment. In addition, a team
of professionals advise on real estate decisions while managing every
detail of the rental property. Please visit us now. Our mobile version
will come up if you visit us from your smart phone or pad www.fbs-pm.com
