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I found an article yesterday in USA Today quoting Warren Buffett. Buffett has been correct enough so that I wouldn’t mind having him as my financial planner. And he knows real estate.
This is what he has to say:

“Within a year or so, residential housing problems should largely be behind us,” Buffett wrote Saturday in his annual letter to the shareholders of his Berkshire Hathaway. “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. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means.”

You can read the entire article by clicking on the text. This is good news for ALL of us, if Buffett is even close to his timeline. Many of us are trying to hold out on selling until the market is a little favorable, and that time is coming sooner than some analysts have speculated.

If you want my take on what this means for you, please email me at gerry@realtyman.com or call 978-537-6401 x24. Or we can chat on Facebook- friend me.