Warren Buffett, chairman of Berkshire Hathaway, which reported a US$24 million pre-tax loss from "real estate brokerage and other" items in the first quarter.

Dearth of first-time buyers holds back housing rebound in US

Despite favourable interest rates, difficulty in obtaining financing deters purchases

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Warren Buffett, chairman of Berkshire Hathaway, which reported a US$24 million pre-tax loss from "real estate brokerage and other" items in the first quarter.
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