Here's an article from CNN-Money about Millenials— 18-29 year olds are a recession-scarred generation and have a risk aversion to investing money in stocks and real estate. They want it in cash—all cash—. Is that an investment? It is accessible and usable for immediate needs. Is that enough? Economists hope that this generation will return to stocks and other investments, as they have the largest retirement burden and it does take some sacrifice. Read more….here.
Warren Buffett, in a recent interview with CNBC, said he’d buy up a couple hundred thousand single family homes if it were practical to do so. They are a very attractive investment right now, he continues. He has a very positive outlook for the recovery and for the investment climate in America right now.
Buffett on the Economy
Aside from the housing sector, Buffett says the U.S. economic recovery is healthy and won’t be derailed by rising oil prices. He repeated what he’s been saying throughout the recession, that it’s always been a “terrible mistake” to be pessimistic on the U.S. over the long term.
This article among several other economic indicators should be an incentive to prospective home buyers that it’s a good bet to bet on real estate and if they are going to buy, get out and do so now.
In the Seattle area right now, we are experiencing a very strong market and a return to a seller’s market in many areas of Snohomish and King county. See maps from NWMLS just recently released.
Have Fun Out There–Buy a home!