Santa Fe home buyers: Are you listening to Warren Buffett? During a recent appearance on CNBC in February 2012, Warren Buffett said he would buy up millions of U.S. homes if it were possible. Recently, in a Real Estate Today radio interview by Gill Grosse with Moe Veissi, the 2012 President of The National Association of Realtors®, Warren Buffett is quoted as saying: “If I had the capabilities, I’d buy 200,000 homes across this county. I think that housing in America today will outstrip the investment capabilities of the Wall Street blue chips over the longer term.”
And just yesterday, an affiliate of Berkshire Hathaway, the company owned by billionaire Warren Buffett, purchased one of Connecticut’s largest real estate brokerages!! The company is HomeServices of America Inc and it will acquire Prudential Connecticut Realty network of 500 offices and 1400 agents. It appears Warren Buffett is buying millions of homes one new way or other with yet another real estate company acquisition.
Now, if you have been only thinking about buying a home or 2nd home in Santa Fe, New Mexico in 2012, you might want to pay attention to what Warren Buffett is doing in real estate. Today, there are more people looking for homes in Santa Fe, New Mexico and less inventory. Why? Other people are buying them. Given the historic low interest rates at 4% or less for a fixed 30 year mortgage, this is time for smart buyers to make their move.
If you plan to retire in Santa Fe in the future, now is the best time to purchase a 2nd home and take advantage of our current market and your long term plans. For more information about our local real estate market and how you can take advantage of it, call/text Emily Medvec at 505-660-4541 for details.