In a recent interview with CNBC, Warren Buffett reiterated the inherently valuable investment of single family home purchases in the current market. The Oracle of Omaha, one of the country's and the world's most respected investors, has become bullish on real estate investment in recent times, especially considering the attractive interest rates available.
Speaking with Squawk Box's Becky Quick, Buffett said that if it were practical to do so, he would buy up "a couple hundred thousand" single family homes. His reasoning for the investment potential in real estate was based upon the artificially depressed real estate prices in the current economy, and the availability of financing at historically low rates.
Sam DeBord - Realtor | Managing Broker| Coldwell Banker Danforth
Phone: 206-658-3225 | Email: Sam(at)SeattleHome.com
Source: NWMLS Data - This information was not compiled or published by the Northwest Multiple Listing Service