Real Estate plays a vital role in our economy.  The dollar volume for the real estate transactions in the US economy range from 215 billion dollars in 2004 to 430 billion in 2014 according to Prof. Dr. Matthias Thomas, author of Property Finance. The foundation of its powerful economic impact is the fact that real estate is the key to the wealth of most people, especially for many homeowners in the United States. This is reflected in the most recent Federal Reserve Survey of Consumer Finances. Real Estate constitutes 65.2% of the wealth of American families in the form of their primary residence. The size and scope of the real estate market is exactly what makes it such an attractive business opportunity, and why this book by Richard C. Phipps entitled,” Genuine Real Estate Investing Made Easy” is so timely.
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Richard C. Phipps, founder of CFS Realty and Management and Consumer Financial Services brings his 35 plus years of experience in the real estate industry, and explains in simple terms the key steps and perspectives that must be understood in order to invest in this marketplace successfully. His comprehensive background in several areas of management, marketing and sales, as they relate to finance and real estate is the underpinning of his approach to the subject. His comprehensive background supported by extensive research and analysis is presented here in simple understandable terms for you to follow a path that enhances your opportunity to successfully enter this line of endeavor.
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Mr. Phipps started his journey in financial services in 1977 and added real estate to his portfolio of activities shortly thereafter. He currently serves as Regional VP of National Association of Real Estate Brokers, (NAREB), Region 1 the New England State. He works diligently in this capacity to advance the cause of democracy and housing for all. He’s produced numerous successful brokers and agents during his career and enjoys supporting their continuing efforts. He also has extensive experience in counseling services.
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It is estimated that the industry supports more than 421,300 jobs, and in addition more than 400,000 agents and brokers selling approximately 5,250,000 homes representing $430 billion as part of the US gross domestic product (GDP). The real estate agent broker pool of professionals is expected to grow by 3.5% by 2024.
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According to the Bureau of Labor Statistics’ most recent 2014 information, the real estate industry employs over 2 million people in addition to the agents and brokers. This represents 1.4% of the working civilian population of the US. A great deal of the cash flow derives from real estate investments both long term and short term and the diverse sources that it represents, provides many institutional hedge funds, pension funds, and ordinary citizens across the US with the sense of economic security and inclusion in the real estate market place. In recent years, the total revenue for the real estate industry was greater than the Gross Domestic Products of Australia, United Kingdom and Russia, together.
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The opportunity is apparent to individuals interested in pursuing areas of the real estate industry for profits, financial independence, wealth development and other options for satisfaction.
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This unique and engaging book blends theory and practice in a simple, and easy to understand tool to start on your road to success. The only ingredient needed for success, with the knowledge and experience offered here, is your effort, passion and focus on the goal you would like to achieve.
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Senator Gerald A. Neal
Kentucky State Senate, District 33