Well, Warren Buffett might just be right!! My Louisville listing is under contract 14days after hit the market, and my Lafayette one is getting great action...so if any interest in it, call soon. Lets talk asap if you need/want to buy or sell a home in Louisville, Lafayette, Boulder, Broomfield, Erie, or the surrounding area..I am the veteran who has lived here 42 years, and sold homes for 27of those! See Warren's statement below, my listings, and more.
Warren Buffett Sees Housing Market Bouncing Back by 2011: Billionaire Warren Buffett said 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.
"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." Record foreclosures flooded a U.S. real estate market already glutted with unsold property, causing housing starts to fall.
"People thought it was good news a few years back when housing starts — the supply side of the picture — were running about 2 million annually," wrote Buffet, 79, chairman and CEO of Omaha-based Berkshire. "But household formations — the demand side — only amounted to about 1.2 million." If you're considering a Home Purchase, then now is the time to take action! Call me, Carrie DeGraw, 303-548-8732