Warren Buffett Just Made Another Huge Bet On The U.S. Housing Market
Posted by Breckenridge Associates Real Estate on
This past spring, we reported on a bet the legendary investor, Warren Buffett, made on the U.S. Housing Market. In the article, Buffett stated he would buy up a million homes if possible. He voiced his confidence in housing coming back and addressed positive shifts in real estate.
Now, continuing to show his faith in the US Housing Market, Buffett has been buying up real estate brokerages around the country. Along with partner Brookfield Asset Management, Berkshire Hathaway HomeServices is a new franchise brand in residential real estate. A press release says the brokerages that will make up the new company did a combined $72 billion in sales in 2011.
Buffett has been public about his bullish housing call for a while as he's built his residential…
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