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Gregory Adkins Blog

Warren Buffett Says He'd Buy a Couple Hundred Thousand Homes

Posted by Gregory Adkins on February 28, 2012 in No Category
 Warren Buffett, CEO of Berkshire Hathaway, said yesterday on CNBC’s “Squawk Box” that buying single-family homes is such a great investment right now, if it were practical, he’d buy a couple hundred thousand of them. Given how low rates are for a 30-year fixed-rate mortgages (3.95 percent, according to the Freddie Mac Mortgage Index), Buffett told CNBC’s Becky Quick that homes, held over the long term, provide a better investment than stocks. If you factor in that prices in... read more
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Purchases of New U.S. Homes Exceeded Forecasts in January

Posted by Gregory Adkins on February 27, 2012 in No Category
 Purchases of new homes in the U.S. exceeded forecasts in January after climbing a month earlier to a one-year high, more evidence the housing market is stabilizing. Sales, tabulated when contracts are signed, fell 0.9 percent to a 321,000 annual pace from a 324,000 rate in December that was stronger than previously reported, figures from the Commerce Department showed today in Washington. The median estimate of 77 economists surveyed by Bloomberg News called for a rise to 315,000. The number of homes for sal... read more
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Gen Y: Feathering the Nest

A young couple starting out needs room for a growing family, plus space for visiting friends and relatives.
Posted by Gregory Adkins on February 23, 2012 in No Category

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Existing home sales at 1-1/2 yr-high, supply falls

Posted by Gregory Adkins on February 22, 2012 in No Category
  U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery. The National Association of Realtors said on Wednesday existing home sales increased 4.3 percent to an annual rate of 4.57 million units last month, the highest since May 2010. "Overall this is not such a bad number. It's reflective of a better jobs market, but the improvement is going to be in fits and starts," s... read more
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Home Builder Confidence Reaches Highest Level in Four Years

Posted by Gregory Adkins on February 15, 2012 in No Category
 Home builder confidence in the market for new single-family homes rose to its highest level in more than four years in February, according to a new survey released on Wednesday.   AP   Confidence on the National Association of Home Builder's monthly sentiment index jumped 4 points to 29. Fifty, however, is still the line between positive and negative sen... read more
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