Housing Markets To Recover
Billionaire Warren Buffett says that the U.S. will recover from the residential real estate slump by 2011 as demand for houses catches up with the supply that accumulated during the bubble.
He also claimed that within a year or so, our residential housing market issues will be just a bad memory. He believes that home prices will not inflate again to a real estate bubble the way they did in the last 10 years.
Those who couldn’t afford a home during the real estate bubble may be suprised of what they can afford now.
Only 85,000 Americans have taken advantage of the 1st time home buyers credit.