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
  3. 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.


Leave a comment

Filed under Interesting Takes

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s