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Buffett see real estate market bouncing back by 2011

Posted By: Clair Funk on 3/5/2010

US will recover from the real estate slump says Buffett and I'm not talking about Jimmy Buffett but rather Warren Buffett.  Warren Buffett speaks and everyone listens - not sure if that is true or not however an article in Monday's USA Today caught my eye.  Buffett indicates that the residential real estate slump will recover by 2011 as demand for houses catches up with the supply that accumulated during the bubble.  He further says that "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."  That is great news for our business.  With the tax credits winding down, this just might be the push that people need.  Appropriate housing at costs well within their means is a very attractive incentive.  We just need to get this message out to our communities.  For more info on the article please see: www.usatoday.com/money/economy/housing/2010-03-01-buffett01_ST_N.htm

1 Comment

    • Mar 10 2010, 10:26 AM Marjorie Taylor
    • Thanks for sharing this infomation Clair. I hope Mr. Buffett is right and we will see a recovery in our real estate market next year. I think it is a question as to how much "recovery" we will actually see.

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