SANTA BARBARA, CA -- (Marketwired) -- 05/08/13 -- Santa Barbara Association of Realtors (SBAOR) released the top producing Santa Barbara Realtors / Montecito Realtors for the first quarter 2013.
New reports from several real estate research firms signify that home prices are finally stabilizing. The data reinforces a notion already asserted by many an economist, real estate agent and Wall Street investor:
Appearing Live on CNBC's squawk box, Warren Buffet tells Becky Quick he'd buy up to a "couple of hundred thousand" single family homes if it were practical to do so. If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises homebuyers to take out a 30-year mortgage and refinance if rates go down. (To what I wonder – 0%?)