According to the billionaire investor, the person who is known for his art of making money - Warren Buffett, U. S. real estate industry shall be raising from the dearth of the financial hit by 2011.

He further stated that the residential real estate shall be getting a boost as the demand for houses will incline with the supply which got accumulated in the financial turmoil.

In a letter to the shareholders of Berkshire, Buffett wrote that things will smooth down by one year or so. However the prices will be low, but with a financial hurt of a seller or buyer, there will be a buyer as well who will churn out the gains from such, but the people who were hanging for long to buy a home a few years back shall get the right home for themselves in their budget.

Buffett had crafted the Berkshire with $198 in the field of real estate, he further scripts that his group could have managed for more corporate and municipal bonds previous year as they were going cheap as compared with U. S. Treasuries.

Further he nodded to his deal, made last year for which he arranged the $27 billion takeover of railroad Burlington Northern Santa Fe.