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“Houses Are Even Better Than Stocks”

cnbwarn

“I’d buy up ‘Millions’ of Single-Family Homes If I Could” –  Warren Buffett, Monday morning 2/27/2012.

Check out the video from CNBC. It’s a 22 minute clip, so if you’re interested in the blurb about the housing market, fast forward to the 5-minute mark.

Warren Buffett says along with equities, single-family homes are a very attractive investment right now.

Appearing live on CNBC’s Squawk Box, Buffett tells Becky Quick he’d buy up “millions” of single family homes if it were practical to do so.

If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks.  He advises buyers to take out a 30-year mortgage and refinance if rates go down.

The whole CNBC article can be found here.

What can you take away from his advice? Well, I think it is pretty straightforward.

It’s time to take advantage of these 3 current market fundamentals:

  1. the crushed real-estate market
  2. the crushed interest rates
  3. the crushed sentiment of buyers.

In my opinion, however, we’re already coming off the bottom floor of real estate prices. So there’s no real reason for any further delay!

If you want to take advantage of this ‘Perfect Storm’ of home buying,
contact me today to discuss your options and best strategy (click here!).

Little toes. Little feet.

Mejgan Koenig liked this post

Rarely Available REO Townhouse in Union City Near BART

11th street

Rarely Available Tri-Level townhouse at the Pacific Terrace Development. It’s right across from the BART station in Union City. This property is listed as a Bank-Owned REO.

For more info, click here.

 

Listing Price: 398,500
Address: 35117 11th Street
City: Union City
State: CA
ZIP: 94587
MLS # (if any): 40561707
Square Feet: 1,675
Bedrooms: 3
Bathrooms: 2.5
Garage: 2

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system and the Bay East Association of Realtors. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

Listing information is deemed reliable, but not guaranteed.

Copyright 2012 MLSListings Inc. Copyright 2012 Bay East Association of Realtors. All rights reserved.

This IDX solution is (c) Diverse Solutions 2012.