The amount that Mr. Buffet paid for the agency is unknown, but it is a strong possibility that he paid a hefty amount for the agency as Prudential handled $2.5 billion in property last year. Warren Buffett’s purchase shows that he strongly believes the economy along with the real estate business is on the uprising.
How exactly does the real estate business improve the economy? When someone purchase a home they will take a loan from your local bank like and hire a moving company. Then they may furnish their home with kitchen appliances, rugs, televisions, chairs, curtains etc. All of these acquisitions for their home will positively help the economy of our country!
If you are thinking of purchasing a home, you will need Massachusetts homeowners insurance, make sure you have the right coverage at the right price. Talk to one of the homeowners insurance experts at Vargas & Vargas Insurance Agency! Homeowners, renters insurance, condominium insurance, and business insurance, we are here to help you!