Real estate blog entries tagged with affordability by Nancy Moeller (Seven Gables Real Estate)

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Home : Blogs : Nancy Moeller : Nancy's Blog : Tag "affordability"

affordability: Warren Buffett on Housing - 03/07/11 10:22 AM

In Warren Buffett's annual letter to the shareholders of Berkshire Hathaway, Buffett says, "A housing recovery will probably begin within a year or so. In any event, it is certain to occur at some point."
Certainly a safe statement as a recovery is inevitable.
Analysis by leading industry experts, taking shadow inventory and resetting loans into consideration, would suggest a recovery is 2 - 4 years away. However, when we factor low interest rates into the overall equation of affordability, Mr. Buffett's analysis seems more on the mark.
A one percent increase in interest rates is nearly equivalent to a 10% … (5 comments)

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Nancy Moeller

Anaheim Hills, CA

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