Several months ago our favorite CNBC morning host and Short Hills neighbor, Joe Kernen, interviewed Warren Buffett. In that interview Buffett revealed that buying single family homes is his single best investment idea, more so than stocks and other asset classes.
He said he would buy “fistfulls” of them at this point in the cycle – if he could figure out how to manage them.
So what is the Oracle of Omaha thinking today? CNBC updated their interview recently, following Buffett’s Annual Meeting. And Buffett still has a strong buy on single family housing.
And if you have been following our monthly home sale trends and charts, this will not come as a surprise. See all the latest home sale changes for the past month and for the past quarter on the main page of our real estate website.