News Article From: 03-01-2010
Warren Buffett sees housing market bouncing back by 2011 - Billionaire Warren Buffett expects the U.S. to recover by 2011 as demand for houses catches up with the supply that accumulated during the bubble. "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."