Warren Buffett Sees Housing Recovery This Year Posted by Jay Gulick on Saturday, February 26, 2011 at 6:27 PM By Jay Gulick / February 26, 2011 Comment The Sage of Omaha believes our best days are still ahead of us, and that includes a nationwide housing recovery.
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Warren Buffett, the billionaire investor who also owns a home building company predicted that the housing market would recover in 2011. "Within a year or so, residential housing problems should largely be behind us," Buffett wrote Feb. 27 in his annual letter to shareholders of his Berkshire Hathaway Inc. "Prices will remain far below ‘bubble’ levels, of course, but for every seller.
Buffett on housing: Buy! – CBS News – After declaring that he was "dead wrong" about a housing recovery occurring last year, billionaire investor Warren Buffett said that if it were practical, he’d buy up "millions" of single family homes. During an interview with CNBC, Buffett said that if held for the long-term at low interest rates, houses could be a better asset to hold than stocks.
What does Warren Buffett think of the Housing Market? In an article written by Andrew Frye, Bloomberg News, Warren Buffett predicts that the housing market will bounce back in 2011. Buffett says, "Within a year or so, residential housing problems should largely be behind us, Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a.
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Buffett Says US Housing Will Recover in 2011 – March 2, 2010 – Warren Buffett, the billionaire investor who also owns a home building company predicted that the housing market would recover in 2011. "Within a year or so, residential housing problems should largely be behind us," Buffett wrote Feb. 27 in his annual letter to shareholders of his Berkshire Hathaway Inc. "Prices will remain far below ‘bubble’ levels, of course, but for every seller.
As Bloomberg noted recently, Warren Buffett has said forthright that despite progress, the housing market is far from recovered. Buffett was on the record proclaiming in early 2010 that the housing market would recover within a year or so. While this claim more than halved the genuine recovery time, his prediction was based upon sound fundamentals.
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