Buffett: Single-family homes a better investment than stocks
Appearing on CNBC’s Squawk Box, Warren Buffett said single-family homes are an attractive investment and he’d buy up millions if it were practical to do so. Read the complete story to find out what Buffett had to say about the economy and taxes, but here’s what he had to say about buying homes now:
If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises buyers to take out a 30-year mortgage and refinance if rates go down.
Farmland boom unlikely to be followed with bubble
Midwest farmland prices are booming, jumping by 22-25 percent in areas of the Midwest within the last year according the Federal Reserve. But farm economists say unlike the boom in the 1980s, they don’t see a bubble ahead because this one isn’t being fueled by debt or speculators, writes David Nicklaus for the St. Louis Post-Dispatch.
McHenry County housing market sees best January in five years
Local REALTORS® attribute the upswing in sales to a “combination of unusually warm weather, falling home prices, and low interest rates that have kept buyers coming through the doors the first seven weeks of 2012,” the McHenry County Business Journal reports.