Warren Buffett told CNBC he’s surprised that housing is not that strong yet.
“The pickup in housing has been slower than I would have anticipated,” the Berkshire Hathaway chairman and CEO said in the interview that aired Friday. “It’s [also] true in the secondary market for houses. The prices have recovered some.”
In February 2012, Buffett told “Squawk Box” he thought single-family homes were a very attractive investment. If held for a long period and purchased at low rates, he said, houses can be a better investment than even stocks.
Fast forward to spring 2014, Buffett said that housing is better than it was a couple of years ago, “but if you look at transactions and pending transactions in March, it’s not booming.”