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Warren Buffett says homes are a very attractive investment

Warren Buffett told CNBC that single family homes are a very attractive investment right now. He went on to say that he would be buying single family homes now if it were practical. He stated that single family homes bought low and held long are better than stocks.

There have been several articles lately as well noting that rental rates are going up and inventory is going down. That’s what we’ve been finding in St Pete.

Some of our clients didn’t need to hear this from Buffett and have been buying single family homes over the last several months. Usually well priced investment homes sell quickly, often with multiple offers the first day on the market. You need to be ready to move quickly.

 

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