Warren Buffett sees housing market bouncing back by 2011 - Billionaire Warren Buffett expects the U.S. to recover by 2011 as demand for houses catches up with the supply that accumulated during the bubble. "Within a year or so, residential housing problems should largely be behind us," Buffett wrote Saturday in his annual letter to the shareholders of his Berkshire Hathaway. "Prices will remain far below 'bubble' levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Indeed, many families that couldn't afford to buy an appropriate home a few years ago now find it well within their means."
http://www.usatoday.com/money/economy/housing/2010-03-01-buffett01_ST_N.htm
Warren Buffett sees housing market bouncing back by 2011
3 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • March 01 2010 10:38AMComments
Participate
Post © 2009 Jude Sandvall, ABR, CNE, SFR 720-255-1021 (Jude Sandvall Realty Group ~ Cherry Creek Properties). Design © 2009 ActiveRain Corp.
Logos and service marks owned by copyright holder.
Jude, our market already started bouncing back. We've been in a seller's market in San Ramon CA for 8 months.
And you know what they say...everything starts on the West Coast in CA, leapfrogs over to the northeast and then fills inland...
Keep that good news coming......