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US: The housing market is still in a depression

Posted on 16 November 2011

Warren BuffettFollowing the bubble, the housing market’s pain has been deep and persistent. This isn’t merely a cyclical downturn. Even six years after the market peaked, the healing process has not yet begun. The industry isn’t in recession: it’s in a depression.

On Monday, billionaire investor Warren Buffett made this assertion. He’s right, but not for the reason he states. Here’s the Associated Press quoting what Buffett said to CNBC…………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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