Light at the end of the housing crisis tunnel

By
Services for Real Estate Pros with Platinum Properties Investor Network

The light at the end of tunnel is NOT a freight train coming our way – that beast has already been and gone, at least according to billionaire investor Warren Buffett, who thinks the residential real estate slump will be over by the end of next year. He predicts that’s how long it will take for demand to catch up with supply.

The recent plummet in home values has left 20% of all U.S. mortgage holders owing more than what their house in worth, causing some pundits to liken the present economic devastation to the Great Depression. Real estate investors who have been following Platinum Properties Investor Network strategies when picking properties have weathered the storm better than most but who can blame residential investor or home owner for being skittish about when it’s all going to end?

If Mr. Buffett’s opinion means anything, sunnier days are on the horizon. Buffett has a particular interest in real estate since part of his company Berkshire Hathaway includes a real estate brokerage that builds pre-fab homes. But it’s not all wine and roses. Higher value homes and areas where overbuilding ran rampant in the run up to the slump will not likely recover next year. For these problem areas, it will be a while longer.

 

For more free cutting-edge real estate investing news and advice, visit www.Jasonhartman.com/radioshows.com or can also listen to The Creating Wealth Show, free in iTunes.

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Ambassador
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Norma Toering
Palos Verdes Homes in Los Angeles Area
Charlemagne International Properties

I'm a fan of Warren Buffett--let's hope his prediction is on target--the housing industry could use some good news and positive predictions.

May 28, 2010 05:51 PM
Rainmaker
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Jason Hartman
Platinum Properties Investor Network

I agree with you Norma!

May 28, 2010 05:57 PM
Rainmaker
92,424
Jason Watton
Realtor - Scottsdale Arizona Homes for Sale
Realty One Group of Scottsdale, AZ

Warren is one of the brightest financial minds of our time and I agree that the slump is coming to an end.  We are already seeing positive movement in prices here in the Phoenix Scottsdale area.  The worst is behind us however short sales and foreclosures are here to stay - at least for the foreseeable future!

May 28, 2010 06:48 PM
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