OMAHA, Neb. (AP) – The Latest on Berkshire Hathaway’s annual shareholders meeting. Tens of thousands of people will fill an arena to listen to CEO Warren Buffett and Vice Chairman Charlie Munger talk business for more than five hours (all times local):
3:20 p.m.
Warren Buffett says he doesn’t think a nationwide bubble in real-estate prices has developed, but that real estate isn’t as attractive of an investment as it was a few years ago.
Buffett told shareholders at the Berkshire Hathaway annual meeting that he thinks many real estate markets, such as his hometown of Omaha, Nebraska, continue to offer sensible prices.
Buffett says he doesn’t think real estate will be the source of broad economic problems the next time the U.S. economy is in trouble.