Warren Buffet on real estate

Warren Buffett says that the economy "hasn't gotten worse" but also hasn't
"gotten much better" over the past three months.  Nonetheless,he doesn't expect
a 'double-dip' recession and sees significant improvement in residential real estate.
Buffett says that based on a number of indicators, including data from Berkshire
Hathaway companies, "we have not bounced -- but we've quit going down."  He also
sees "important" signs of life for housing: "I think we're certainly—we’re through the
worst of it in residential real estate in all probability. And-- and-- and the reason
is we're building a lot fewer houses and we're-- and we're forming households, so that
solves itself over time.  Doesn't do it in a day or a week, but it solves itself.
So we're further on that."

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