Warren Buffett sees housing recovery to start within a year

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They now say that a partnership with Purpose Built Communities – a pro bono consulting firm that began in Atlanta and is bankrolled in part by billionaire investor Warren Buffett. board plans to.

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"A housing recovery will probably begin within a year or so. In any event, it is certain occur at some point," Buffett writes. Berkshire has made a few investments in housing related themes recently. At a Berkshire Hathaway annual meeting over a decade ago, Warren Buffett gave a 14-year-old a success lesson that was meant for all of us..

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Warren Buffett, whose prediction last year of a housing recovery was premature, is raising his bet on a rebound with his .85 billion bid for a mortgage business and loan portfolio from bankrupt.

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25 Must-Read Quotes From Buffett’s Letter to Shareholders. "Last year, I told you that ‘a housing recovery will probably begin within a year or so.’ I was dead wrong.". Why Warren Buffett.

Hopes are high for a recovery in the housing market. Joe Light, reporter for the Wall Street Journal, surmises that Warren Buffett is betting on a resurgence in housing. Buffett recently made a bid on Residential Capital’s loan portfolio in a bankruptcy court auction. The things working in housing’s favor, according to Light, include new home inventories which, in terms of raw numbers, are at their lowest level in five decades.

Warren Buffett says a housing recovery could begin within a year.is he right? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.