1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (4624) 

Buffett's Real Estate CEO Is High on Housing

January 15, 2013 | About:

The segment starts of with a clip from Buffett himself where he provides some classic common sense Buffett advice: "If you can buy a home at 60% of the price of three years ago, and finance 80% of it at 3% you are going to make money over the long term."

The Buffett "housing CEO" is Ron Peltier of Home Services America who has a few comments on the housing market:

- 2012 was the first year with clear evidence of a housing recovery.

- 2011 was the bottom in the housing market.

- Unit sales were up 10% in 2012 and housing prices were up 7%.

- The recovery isn't uniform across the country, but it is definitely happening.

- Low interest rates and housing affordability at an all-time high will keep this recovery strong.

About the author:


Rating: 2.0/5 (3 votes)


Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

MauroTHigh ROC predictable
vinsandhuGrowthl HK Sing
vinsandhuGrowth Japan
MauroTDividend stocks
vinsandhuGrowth SE Euro
vinsandhuGrowth W Euro
vinsandhuGrowth US
DBrizanWide Moat2 28Oct2016
DBrizanWide Moat 28Oct2016
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)