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“…we are on track for a more meaningful sales gain this year.” National Assoc of Realtors

March 7, 2012

INFO THAT HITS US WHERE WE LIVE… Buffett, one of the world’s most successful investors, appeared live on CNBC last Monday and told viewers: “… if I knew where I was going to want to live the next five or 10 years, I would buy a home and finance it with a 30-year mortgage, and it’s a terrific deal.” He added, “… if I was an investor that was a handy type… I could buy a couple of them… and find renters… and again take a 30-year mortgage…. I think that’s probably as an attractive an investment as you can make now.” Check out the video: http://www.youtube.com/watch?v=vkx57Ifein8&feature=share

Later that morning, as if on cue, January Pending Home Sales came in UP 2% from December and UP 8% over a year ago. This measure of homes under contract from the National Association of Realtors (NAR) hit its highest level since April 2010. The NAR’s chief economist commented, “the trend in contract activity implies we are on track for a more meaningful sales gain this year.” 

Courtesy of

  George Hager
Mortgage Loan Officer
4 Venture #100
Irvine, CA 92618
714.309.5665 | P
877.895.1813 | F

 

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