Although the economy grew in the third quarter, data continues to show a “sluggish recovery overall” according to Fannie Mae’s Economic & Strategic Research Group. Total growth in U.S. gross domestic product since the lows of 2009 has been 7.2% compared with average growth of 16% for previous economic recoveries since the 1960’s. Despite the […]
Group Think On Housing Recovery May Be Premature
August 14, 2012 By 1 Comment
Almost daily the mainstream news media is proclaiming that the housing crisis is over. A recent Wall Street Journal front page article boldly proclaimed “The Housing Bust Is Over.” No less an authority than Warren Buffett has suggested that housing has become a compelling investment opportunity. Tops and bottoms in any market are not usually […]
Bank of America’s Stock Is A “Great Value” and Housing Will Come Back
February 27, 2012 By 2 Comments
It is always wise to pay attention to one of the greatest investment minds of all time. In the most recent letter to shareholders of Berkshire Hathaway, legendary investor Warren Buffet makes the case for a recovery of both the housing market and shares of Bank of America. Warren Buffet has shown time and again […]