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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.
Buffett's Real Estate CEO Is High on Housing
Tickers in the article:
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
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