The well-known businessman Warren Buffett has recently given a fresh report about the countries situation on real estate market. He claims that the residential real estate market is going to recover by the end of the current year and the next year sales are going to overcome all the loses of the previous decline. He admits that more and more people will be eager to buy their own property. As for prices, he says that they are going to be very “low”, but everyone will have a chance to find the desired house. He even underlined that those families who haven’t had any opportunity to get a house, they will have such a chance very soon. And it will be by their means.
Buffet has also told that up-market house and some locations like California, Beverly Hills will recover as well from the decrease. The billionaire said that overbuilding was one of the reasons of the crisis in the country.
In fact he was very optimistic about the real estate situation in the country at the end of 2010.
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