0 minute readBerkshire Hathaway CEO Warren Buffett defended the role that Moody’s and other rating agencies played in the financial crisis, even as the firm missed the signs of an impending housing market collapse. “They made the wrong call. I was wrong on it too,” Buffett said, before a hearing of the Financial Crisis Inquiries Commission in New York.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio