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davepamn

M$1.00 Funded By Mahalo ? | May 04, 2009 02:26 PM

Has housing prices stabilized in the medium to lower markets?

WSJ
Buffet says housing prices are close to stablity in the medium to lower market. Do you agree?

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onek

May 26, 2009 09:16 AM

I'm sure Buffet knows what he's talking about, and I'm not about to contradict him, but has banks sell foreclosed properties, the prices may still go down for a while. Bloomberg reported, just in beginning of May that home prices fell 14% iin the first quarter of 2009, for that specific reason.
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http://www.bloomberg.com/apps/news?pid=20601087&sid=a7ins33ty1tw

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Voted as best: davepamn, pazaq, dcanswerer, wdawe, hcp56, srgothard

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