Warren Buffett Real Estate Outlook

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key to housing recovery

Looking at stats is great. Numbers give any predictions that you make a more solid footing. But the thing with statistics- real estate included- is that the numbers discuss what has already occurred.
Predictions are always uncertain. Economists will look at the same numbers and come up with different conclusions- and the thing is, someone will be right. The trick is to look for someone who is right a lot of the time.
That was why I was happy to see an article in USA Today quoting Warren Buffett. Buffett has been correct enough so that I wouldn’t mind having him as my financial planner. And he knows real estate.
This is what he has to say:

“Within a year or so, residential housing problems should largely be behind us,” Buffett wrote Saturday in his annual letter to the shareholders of his Berkshire Hathaway. “Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means.”

This mirrors what was suggested at the Inman Connect Conference, and is a welcome validation for what many real estate sales agents have mentioned to me.

If you want my take on what this means for you, please email me at gerry@realtyman.com or call 978-537-6401 x24. Or we can chat on Facebook- friend me.

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Do you have a real estate question, need some local information, or have an idea for a post for? Contact me - I would be happy to hear from you!