(Newswire.net — October 20, 2013) Denver, Colorado — James Romano, broker associate and owner of Elite Home Sales Team, believes that Berkshire Hathaway HomeService – a venture formed by billionaire Warren Buffett’s Berkshire Hathaway – has made a move that is great news for both investors and home buyers, “Buffett has a track record of success when it comes to beating the market and always knows when it is a good time to buy.”
As a hot summer that saw enormous growth in the Colorado real estate market has come to an end, prices have leveled off and allayed some fears of a forming bubble. Buffett’s expansion of his real estate positions has been a very encouraging sign to many that the market has finally recovered from the economic crisis of 2008 and the recession that followed. “This is really good news for buyers and sellers,” Romano says, “When it comes to names that you can trust, Buffett is up there with the greats. I am advising my clients that this will be an excellent time to sell their properties if they want a good value for them, but buyers may get the better end of the deal as they see previously devalued homes show significant appreciation in value.”
In addition to expanding his own business venture in real estate, other moves that Buffett has made indicate that he is riding real estate for the long haul. He increased his stake in Wells Fargo – which is the largest Mortgage Originator in the U.S. – while also investing in a top brick maker. Romano says, “Buffett invests for the long term, one day short of infinity is the joke, but in all seriousness these moves that he is making are prompted by economic indicators that are speaking to stability in the market for a long time to come.”
The Denver Metro Area is one of only two markets that have seen prices exceed pre-recession levels, although the real estate market nationwide has shown significant recovery. “You have to consider that this may be the best opportunity that you have to get into the market,” Romano said “Right now we have rising values and low interest rates, a sure indicator of a time to buy and hold a property for the long term.”
Elite Home Sales Team is a Denver Area company with deep roots in the community. James Romano is a CRS Broker Associate and owner of Elite Home Sales with 21 years of experience in the market. For more information on the Market in the Denver Metro Area visit his website at http://www.coloradomaintstreetproperties.com.
Written by: Rob Armijo