There have been telling signs lately that real estate is “recovering”. Builders are building again, homebuyers are coming out of hibernating and things are looking like they are going to get back to normal, at least here in Santa Clarita at least. Is there a more telling sign than Warren Buffett himself saying “buy now” as our figurative groundhog signaling a bright Spring recovery to our cold Real Estate Winter we’ve been in?
After declaring that he was “dead wrong” about a housing recovery occurring last year, billionaire investor Warren Buffett said that if it were practical,
he’d buy up “millions” of single family homes.
During an interview with CNBC, Buffett said that if held for the long-term at low interest rates, houses could be a better asset to hold than stocks.
We are seeing buyers taking Warren’s advice lately here in Santa Clarita. We are meeting more and more buyers ready to take the plunge into home ownership and with rates being so low and prices as low as they have been in a decade (or more in some locations) who could blame them. Home buyers that don’t get to take advantage of interest rates while they are in the 3’s will have sore rears from kicking it themselves for the next 30 years!
There are programs that could help you buy a Santa Clarita Home for Sale for as little as 0.5% down payment right now. That is $2000 down on a $400,000 home! Credit requirements are not as high as you would think and these programs will not be around for ever.
If you are interested in finding out if you qualify for the CHF 0.5% down payment program fill out the form below