Breckenridge Associates
Real Estate

This past spring, we reported on a bet the legendary investor, Warren Buffett, made on the U.S. Housing Market. In the article,  Buffett stated he would buy up a million homes if possible .  He voiced his confidence in housing coming back and addressed positive shifts in real estate. Now, continuing to show his faith in the US Housing Market, Buffett has been buying up real estate brokerages around the country. Along with partner Brookfield Asset Management, Berkshire Hathaway HomeServices is a new franchise brand in residential real estate. A press release says the brokerages that will make up the new company did a combined $72 billion in sales in 2011.   Buffett has been public about his bullish housing call for a while as he's built his residential real-estate brokerage business, but this is a big addition. Read the full Business Insider article here. Now is the time to buy real estate! Are you interested in learning more about real estate oppo...

Warren Buffett is betting on the Housing Market, according to his February 27, 2012 letter to his shareholders at Berkshire Hathaway. Buffett states in his recent shareholder letter, "Housing will come back – you can be sure of that. Over time, the number of housing units necessarily matches the number of households (after allowing for a normal level of vacancies)." "For a period of years prior to 2008, however, America added more housing units than households. Inevitably, we ended up with far too many units and the bubble popped with a violence that shook the entire economy. That created still another problem for housing: Early in a recession, household formations slow, and in 2009 the decrease was dramatic." "That devastating supply/demand equation is now reversed: Every day we are creating more households  than housing units. People may postpone hitching up during uncertain times, but eventually hormones  take over. And while “doubling-up” may ...

Colorado faired quite well in the 2011 3rd Quarter Housing Report, recently released by the National Association of Realtors . Combined sales of single family residences, condos and co-ops increased in every state! Colorado showed an increase of more than 20%. View overall 3rd quarter home sales increases below. Source: KCM Blog Home Sales Increase Across the Country Please contact us to learn more about real estate in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about  Breckenridge Real Estate .