Billionaire investor, Warren Buffett, said on CNBC’s Squawk Box recently that he’d buy up a couple hundred thousand single-family homes if it was practical.
Buffett s believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.
Buffett forecasted an increase in household formations, as more people who moved in with their parents or family members during the recession look to move out and get their own home soon.
Buffett said the recovery in the housing market could vary quite a bit among local housing markets, however. He did not provide a timeline of when he expected a full housing recovery, admitting that his prediction last year that a housing recovery will take shape within the year turned out to be “dead wrong.”
See more-- Housing Market Forecast Beyond 2012 From Warren Buffet- International Business Times
Friday, March 2, 2012
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