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May 17

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Is the Buffett Touch the Midas Touch?

Clint Patterson, Real Estate Broker Soon To Be Part of Berkshire Hathaway HomeServices®

Warren Buffett is one of America’s most  respected businessmen. With his track record of financial success and ability to foresee trends leading to predict positive business outcomes, buying out the real estate franchise from Prudential and Real Living can only be a great thing for Clint Patterson, Broker Associate with Prudential California Realty.

Palos Verdes Peninsula Real Estate Professional, Clint Patterson, says of the acquisition, “Providing superlative service to my clients has always been my goal. I believe this move to the branding under Berkshire Hathaway and the additional resources will allow me to do this more easily. And the depth of resources and confidence of Mr. Buffett available to my clientele is a tremendous benefit. The Berkshire Hathaway HomeServices quality seal will be a visible sign of the cutting edge, high quality real estate services that I provide to my clients.”

Last year Berkshire Hathaway’s affiliate HomeServices of America, Inc. acquired five brokerages and two large real estate networks including Prudential’s real estate agent network. This move will enable the company to launch and expand a new national brand called Berkshire Hathaway HomeServices®.

This year Berkshire Hathaway HomeServices will be switching agents to the new firm, which will be based in Irvine, California. This deal gives the company a national franchise network with 75,000 to complement its local brokerages. The Prudential and Real Living brands will be eliminated over the next few years. The leadership team will include executives from Prudential Real Estate, and be led by HomeServices of America, Inc. Chairman and CEO Ron Peltier.

Ron Pelteir started his career more than 35 years ago as a sales agent for Edina Realty. Today he runs Minneapolis-based HomeServices of America, which owns Edina Realty and is the second largest full-service residential real estate brokerage in the country.

Berkshire Hathaway is among Fortune’s 2012 most admired companies.

Clint Patterson received his MBA at UCLA in 1996 and can be reached at (310) 426-8811.

May 1

14 Georgeff Road, Rolling Hills home on the market

View this virtual tour of this gorgeous home in Rolling Hills on the Palos Verdes Peninsula. Begin offered at $2,675,000.  Call Clint Patterson of Prudential Realty to a private viewing of this home: (310) 426-8811.


Apr 25

BBC NEWS: US new-home sales in 2012 reach three-year high

US new-home sales slowed in December, but that did not take the shine off the market seeing its best year since 2009. The Commerce Department said new-home sales fell 7.3% month-on-month to a seasonally-adjusted annual rate of 369,000 units. For the year, sales were up almost 20% to an annual rate of 367,000, but below the 700,000 level economists see as healthy for the housing industry.

Sales of previously-owned homes rose to 4.65 million, the most in five years. Last year’s rise came on the back of more stable employment data and record-low mortgages. The Commerce Department said that the average price of newly-built homes rose slightly, which may have contributed to December’s fall.

“This [fall] should prove to be a temporary blip as the US housing market continues its gradual recovery,” said Andrew Grantham, an economist at CIBC World Markets. The US National Association of Homebuilders estimates that each new house built creates an average of three jobs for a year and generates about $90,000 (£57,000) in tax revenue.

It is roughly five years since the US housing market bubble started to deflate, helping to tip the economy into recession and exposing the extent of the sub-prime mortgage scandal in which many people took out loans that they had little prospect of repaying. Strong employment levels and confidence about job prospects are crucial for a healthy housing market, economists say. The US unemployment rate, at 7.8%, is forecast to improve during 2013, but not dramatically. And GDP growth is expected to remain in low single digits.

Apr 18

2013 1st Quarter Rolling Hills Home Report

 

Want to stay on top of homes for sale in Rolling Hills?  You can have access to MLS data at your own convenience.  We can provide you with complimentary, real time data.  Call Clint Patterson at (310) 426-8811 to learn how, or for a complete market analysis.

Mar 22

Sharing a Smile from My Files

What a nice thing it is to open an envelope to a Thank You card. It sure feels good.

I am dedicated to providing unmatched customer service by going above and beyond meeting my clients’ real estate needs. So, I really appreciated hearing from Kevin how happy he was with his recent home purchase, and how he can’t wait to refer me to someone he knows that needs a Realtor.

Enjoy the read! And thank you, Kevin, for having me as your Realtor.

Clint Patterson

Thank you note to Clint Patterson

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