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!