The U.S. economy remains strong.
The November jobs report blew away expectations delivering a whopping 266,000 new positions for the month. Analysts were looking for 187,000 new jobs.
The unemployment rate dropped to 3.5%, a 50-year low.
September and October jobs numbers were revised higher as well.
Plus, wages in November are 3.1% higher than November 2018.
Add it all up, and 2020 is poised to be a great year for investors.
It'll be even better for those looking to own the hottest investment you can make today – real estate investment trusts, or REITs.
It's highly unlikely interest rates move higher anytime soon. That continues to mean REITs are the best game in town for those looking to add income to their portfolio.
What type of REIT will do best in the current environment?
My bet is on multifamily housing.
Keep reading to get the top multifamily housing REIT to buy. And for our all-around pick for Best REIT to Buy for 2020 – which could climb to five times its current price and yields a solid 7.9% – click here…
It's been a banner year for the sector in 2019, and 2020 is shaping up to be even better.
With housing prices skyrocketing, many cannot afford single-family homes.
Apartments owned by multifamily REITs offer simplicity and savings that have spurred huge demand. That demand is being filled by an ever-growing building boom in the sector.
The new supply still isn't enough to fill demand, so prices of apartment buildings are going up too.
The trend is positive, and consumer confidence is strong.
Those owning apartment REITs have very little to worry about in terms of stability of dividend income.
Of course, the biggest worry of a REIT investor is not getting paid.
With multifamily housing booming well into 2020, there is little to worry about in the foreseeable future.
What is my favorite multifamily REIT as we embark on a new year? Here's the pick…