In his annual shareholder letter, Warren Buffett admitted to being “dead wrong” about the timing of a housing recovery. The billionaire told CNBC that distressed single-family homes were one of the best investment opportunities available. Unfortunately for Buffett, the cost and logistics of making a housing investment large enough in size to move the needle for Berkshire Hathaway is prohibitive.
However, there are many savvy investors who are jumping at the opportunities in the current housing market. Read more online at Forbes.com.