Warren Buffett sees housing market bouncing back by 2011
Three Things Warren Buffet Believes About the Market
1. The housing market will recover in 2011, once supply and demand level out
2. Because of excess building during the boom years, the market was already full of inventory before record foreclosures saturated it further
The problems caused by this supply overage “should largely be behind us”
USA Today contributor Andrew Frye shared statements from billionaire Warren Buffett’s recent letter to his shareholders including his forecast for the residential real estate market. Read the article here.
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