The market, the market, the market is changing! Prior to now, “the media” has been, how can I say this nicely…trashing the real estate market. Among other things the media has been spouting the last couple of years: It is better to rent than buy! Oh really? Not so anymore.
Everyone, including “the media” is busy quoting and rebroadcasting what Billionaire Warren Buffett recently said on CNBC’s “Squawk Box”. Just in case somehow, someway you haven’t seen or heard the Buffet interview, I’ve included a link for you – to an overview and a video of the Squawk Box interview. What Buffett said in a nutshell was that the real estate market is doing better than the stock market and he would buy a thousand houses if he could and hold them. Warren Buffett is a believer.
It is a fact that if you looked at the savings of the average tenant as compared to the average homeowner, there is a huge gap, homeowners’ savings far outweigh those of tenants. Equity is forced savings. Even though the media is now tentative at best, they are beginning to say that the market looks to be turning to a more positive outlook. It just may be the right time to buy…you think? It’s about time! My own listings that I thought would take several months to sell are now selling in 2 to 3 weeks, absolutely amazing! So…slap a smile on your face and get out into the marketplace and SELL!
I want to know what’s going on in your market. What’s selling and why? Who’s buying and what’s compelling the to buy now? Let’s share the information. Let’s share the good news. Let’s share some of the challenges we’re still facing. I want to hear from you. Click on comments and go forth and comment.
Until Next Monday…