Real Estate Market Trends

Warren Buffett has been buying real-estate brokerages. He recently partnered with Brookfield Asset Management to more than double the size of his brokerage business. A new franchise brand, Berkshire Hathaway HomeServices has been created joining the existing brands and affiliate networks of Prudential Real Estate and Real Living Real Estate. HomeServices of America is “defined”

Vanguard’s “Economic Week in Review” for September 21, 2012 has the headline “Real estate rebound may be for real”. The article states sales of previously owned homes jumped 7.8%. The national median price rose to $187,400 in August, the first time prices climbed six straight months since December 2005 to May 2006. http://www.vanguard.com/us/insights/article/economic-week-review-09212012 As buyers