However, the dark days of the US housing market seems to be over. In an annual letter to the shareholders of Berkshire Hathaway, Warren Buffet wrote “Within a year or so, residential housing problems should largely be behind us. Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means.”