Yahoo! - "Buffett-Style Home Buying" (4-6-07)

"In the stock market, being a value investor means buying stocks when they are trading at low prices relative to underlying fundamentals--things like earnings, cash flow, assets or book value. Eventually these inefficiencies disappear and value investors are paid off handsomely. However value investing takes lot of hard work, patience and an ability to quiet one's emotions. This isn't the way residential real estate is typically bought and sold. But there is a new reality forming in real estate. Houses are sitting on the market longer, the subprime end of the market is a mess and new home sales are in the doldrums. Should home buyers adopt a value approach to the market?"