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
CanadianValue
CanadianValue
Articles (4562) 

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:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 2.0/5 (3 votes)

Comments

Please leave your comment:


GuruFocus Mobile App Available


Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
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)
FEEDBACK