Warren Buffett, chairman of Berkshire Hathaway Inc., a Reece and Nichols parent company discusses the falling economy’s lack of effect on the recovery of the residential housing sector. Buffett told CNBC that “For a couple years I’ve been telling you that everything except residential housing was improving at a moderate rate, not crawling, but not galloping either, but that residential housing was flat-lining. And the last two months it’s been just sort of the opposite.” It appears the housing market and economy have traded places, thus reiterating that now is the time for potential buyers and sellers to get involved in the recovering housing market.
Warren Buffett, chairman of Berkshire Hathaway Inc.
Photographer: Daniel Acker/Bloomberg