Another one of those crazy investor types spouts off about the real estate market this weekend:

“What we see in our residential brokerage business [HomeServices of America, the nation’s second-largest realtor] is a slowdown everyplace, most dramatically in the formerly hottest markets. . . . We’ve had a real bubble to some degree. I would be surprised if there aren’t some significant downward adjustments, especially in the higher end of the housing market.” (Warren Buffett)

And yes, it’s a general statement. And no, he didn’t mention the Bay Area specifically.
Buffett: Real estate slowdown ahead [CNNMoney]

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