Warren Buffett Says It's Time to Buy Single Family Houses

Warren Buffett said in an interview on CNBC this week that, along with stocks, single family houses are a great investment right now.   He said he 'Would buy a couple of hundred thousand houses right now' if it was practical to do so.  This is a good sign for the housing market.

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.

I'm seeing lots of activity at the local level.  I'm showing lots of houses and have written several contracts over the last week.

The latest statistics released by the Lousiville Board of Realtors for last weeks data are below.  The trend continues with new listings being 20% less than what came on the market the previous week last year and the Solds were up 5.2% over the same week a year ago.    

This means less inventory to choose from so if you see a good house you might want to jump on it.   The good ones don't last long right now.   You can set up a new listing alert on this site by Saving your search.

You can also register for a property tracker by clicking here and then once you put in information and the criteria for a search just save your search and the site will send you new listings daily within your parameters.

Statistics for the Louisville area:

Louisville Home Sales up 13% in January 2012.

Pending contracts on houses were also up 25% over the previous January.  Both are good signs for our local market.  Click here for the article from the Courier-Journal.

You can also learn more about our local real estate market statistics for some of the more popular areas in town by clicking on:   MLSKY.net Louisville Housing Statistics