Direct Call : 954-551-0236 / E-Mail : jenny_shin62@hotmail.com
NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

Buffett’s housing bet pays off – Florida Realtors News

OMAHA – Aug. 6, 2012 – The Sage of Omaha, billionaire investor Warren Buffett, has hit the mark on the housing market, data and company reports indicate.

In July, Buffett said a recovery in the housing market was a critical part of a broader economic recovery. He also said, he had noticed the market was gathering some momentum.

He then made a sizable bet in the housing market with a bid on ResCap loans, MarketWatch reported Saturday.

Buffett’s investment firm Berkshire Hathaway Inc., then announced “revenues from home sales increased $40 million – 11 percent – in the second quarter and $103 million in the first six months,” referring to the country’s largest producer and financier of manufactured homes, Clayton Homes, which Berkshire Hathaway owns.

In addition, a closely watched index on home prices, the S&P/Case-Shiller 20-city index rose 2.2 percent in May.

The index also rose 1.3 percent in April, which was the first climb in seven months.

“We would like to think that housing is finding its equilibrium, that it is searching for a bottom and establishing a base,” said investment manager Steven Jones at First Washington.

Berkshire Hathaway’s second quarter earnings far exceeded expectations, coming in at $3.72 billion or $2.252 per Class A Share, a solid jump from the $1,640 Class A share value at the end of the second quarter of 2011.

Copyright © 2012 United Press International

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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