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Warren Buffett Likes Housing As Investment

03/05/2012

Warren Buffet believes housing is a good investment once again. The sentence below is a quote from the article. You can read the entire story here.

"Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC’s “Squawk Box” recently that he’d “buy up a couple hundred thousand” single-family homes if it was practical."

My opinion on the Cape Coral and Sandoval housing markets were published in the eBook on my website in August of 2011. It seems like a long time ago, but since then the price of a homes in this area have risen steadily. Currently, resale inventory is low, the number of short sales and bank owned homes are less than half of what they were in April 2011, mortgage rates are at or near all time lows, new home building in 2011 was up 25% vs 2010 and builders are constructing spec homes.

If you were thinking of buying or selling, every indicator seems to point to now as the right time. Contact me today at al@CapeCoralHouseForSale.com or call me at (239) 738-8088. I'll be happy to discuss the real estate environment in Southwest Florida with you!

Click to contact Michael Rogala, Broker Associate or 

call 239-738-8088 today to learn more about Cape Coral, Fort Myers or Southwest Florida Real Estate!

Serving Cape Coral and Fort Myers - Lee County, Southwest Florida.