Investment guru Warren Buffet sees "slowdown everyplace, most dramatically in the formerly hottest markets." Buffet also declared that he would be "surprised if there aren't some significant downward adjustments...".You can take this as a bit of sound empirical information as Buffets Berkshire Hathaway owns HomeServices of America, the nations second-largest realtor. Buffets comments were made during the Q&A session of the annual Berkshire Hathaway investor meeting.
This sentiment reinforces Buffet and Mungers prior comments on the real estate asset-price bubble.
