Housing has been under a lot of stress but there are some emerging signs of optimism, says Ronald Peltier, HomeServices of America CEO. Home Services of America is a subsidiary of Warren Buffett’s Berkshire Hathaway.
Highlights:
Ronald is very bullish on housing.
Sees signs of stabilizing even in places like Miami.
Foreclosure issue is still a big issue.
10m people with negative equity cannot sell or refinance
If these people could refinance somehow it would be a huge help.
H/T Canadian Value Investing
