Following 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