It does seem odd.
But MOST of the article is about how surprisingly resilient house prices have been *so far*, rather than a prediction of what is likely to come.
(should we picture the cartoon character being fine having run off the cliff, so long as he/she doesn't look down?)

A couple of sentences in the wrap-up lean towards "maybe the worst is over because confidence is holding up", but I agree it seems inappropriate to use a short term observation to bolster a longer term conclusion.

I would tend to place more weight on the early and late comments about it ending with a whimper rather than a bang.
i.e., house prices might come down only relatively slowly, rather than triggering a crash.
But down seems pretty likely, at some point.

Jim

Berkshire Hathaway FAQ

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