Warren Buffett: Denver real estate seems like a good idea

A Warren Buffett-affiliated company, HomeServices of America, bought Denver real estate firm Kentwood Real Estate.

Megan Arellano

Jun. 24, 2016, 11:53 a.m.

A home for sale by Kentwood City Properties in Berkeley. (Kevin J. Beaty/Denverite)

real estate; berkeley; kentwood; residential; denver; colorado; kevinjbeaty; denverite; — A home for sale by Kentwood City Properties in Berkeley. (Kevin J. Beaty/Denverite)

Denver Real Estate Watch nailed it: “Warren Buffett is planting his flag in Denver’s hot real estate market.”

A Warren Buffett-affiliated company, HomeServices of America, bought Denver real estate firm Kentwood Real Estate. Yes, that Warren Buffett, the oracle of Omaha, one of the most successful investors ever, implicitly confirmed that real estate in Denver seems like a worthy place to dump your cash.

Excuse me while this renter grabs a paper bag to hyperventilate in.

Ok, we’re back. Denver Business Journal had some more good context for the scale of the deal:

“The purchase represents HomeServices’ entry into Colorado and the Denver market and brings the number of brokers working for the company to more than 27,000 in 500 offices across 28 states.

“In 2015, the company’s brokers facilitated more than $81 billion in residential real estate sales.”

Alright well, good luck out there homebuyers. At least when you’re done, you have an endorsement of your life choices.

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A home for sale by Kentwood City Properties in Berkeley. (Kevin J. Beaty/Denverite)