Has the Economy Reached Bottom?

The economy is in the cellar. However, Mr. Buffet gave some indications at the annual Berkshire Hathaway shareholders meeting that we may be reaching the bottom. Well at least with regard to real estate. Discussing the home real estate market, Warren Buffet, the Oracle of Omaha, said earlier today that, "In the last few months you've seen a real pickup in activity although at much lower prices."

If we have reached some stabilization on the residential real estate market, then lenders may become more willing make home loans. Once the home loan market returns to normal levels, then you will start to see other loans, like bad credit personal signature loans starting to see more activity.

Maybe we are reaching the bottom. Once we are at the bottom, the only place to go is up. So better economic times may not be too far into the future.