What Warren Buffett Just Told Me About Real Estate Prices

Real Estate Tip:

The average number of days on market required to sell a home gives you a good indication of the strength of that local real estate market--a higher average number of days on market usually suggests a weaker market, a lower average number of days on market implies a stronger local real estate market.

Real Estate Insight:

A letter of attornment is a notice from a landlord to a tenant that the property has been sold and which directs the tenant to pay rent to the new owner.