As reported by the Wall Street Journal, Mr. Buffet is positive in terms of a housing “comeback.” New home inventory is at the lowest its been in 5 decades and it seems we are approaching a 6 month threshold of existing home inventory – the difference between a buyer’s market and a seller’s market. Two components that distinguish the current “uptick” as opposed to last year’s slight rally are, according to Buffet, momentum and the price/rental ratio which are now at 1998 levels (preceding the housing boom).