Warren Buffett says along with equities, single-family homes are a very attractive investment right now.
Appearing live on CNBC’s Squawk Box, Buffett tells Becky Quick he’d buy up “millions” of single family homes if it were practical to do so.
If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises home buyers to take out a 30-year mortgage and refinance if rates go down.
Because of the historically low interest rates on mortgages right now, our team believes now is an excellent time to take advantage of the low cost of borrowing as a way to build wealth through real estate. Real estate is especially attractive in the Dallas housing market because of the relatively strong job market. If you'd like more information on how you can begin taking advantage of this historic opportunity then please contact us and let us show you how we can help you.
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The Todd Tramonte Home Selling Team