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housing recovery: 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)

housing recovery: Consumers Don't Expect Housing Recovery Until 2013, Experts Agree - 12/08/10 12:17 PM
According to a new survey conducted by Trulia and RealtyTrac, 58 percent of US adults expecting recovery to be at least another two years away, with 20 percent predicting it will be 2015 or later.
Pete Fliint, CEO of Trulia and Rick Sharge, RealtyTrac SVP agree. Both Flint and Sharga are of the same mind as consumers in projecting the long-awaited housing upturn. They peg the recovery to begin taking shape between 2013 and 2014.
Sharga says he expects at least another 5 percent decline in national home prices, before residential values begin to recover in 2014, primarily because consumer appetite will … (0 comments)

 
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Nancy Moeller

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