Real-life Monopoly® tycoon, Warren Buffett, is often on the forefront of promising financial investments – that’s how you become a tycoon in the first place. It’s great news then for Elmhurst homeowners, as well as for those who want to become homeowners, that Mr. Buffett has recently acquired a real estate franchise from Prudential and Real Living with a plan to launch a new brokerage.

The new brokerage, Berkshire Hathaway Home Services, will start up next year, and will specialize in residential properties. It will be based in Irvine, CA led by a team of former Prudential Real Estate executives. Clearly Mr. Buffett sees great potential in the residential real estate market and is willing to make a substantial financial investment in the outcome. Home Services already owns local brokerages in 21 states employing some 16,000 agents. This deal will create a national franchise for the company with some 75,000 in the network. Chicago area brokerage firm Koenig & Strey, the Gracik Makinney Group’s parent company, will number among them.

The fact that Warren Buffett sees such promise in the residential real estate market is good news for us all. All summer long we’ve seen promising market statistics pointing to a genuine recovery in process. With a financial investment of this scale in the residential market, it seems more likely than ever that home ownership is back on track and heading in the right direction.

Warren Buffett is sometimes treated as if he has a rare gift of financial foresight. In fact, what he has in abundance is common sense. He shops for bargains, makes careful investments of both time and capital, and thinks about purchases as long-term investments. He’s even quoted as saying, “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” The fact that Mr. Buffett has decided that now is a good time to expand his holdings in the residential real estate market is just another sign that home ownership is once again a good investment.

Long-term interest rates remain at record low levels, and here in Elmhurst there are wonderful homes for sale in excellent neighborhoods. The Gracik Makinney Real Estate Group is here to help you make the most of these opportunities. With community knowledge, industry experience, and personal dedication, our team is the best place to start on the road to home ownership. Contact us today at 540 South York St. in Elmhurst, or at (630) 567-5902.