Did anyone credibly predict the housing bubble and bust? Moody's, in which Berkshire Hathaway holds a major stake, certainly didn't. Some like Case/Shiller became famous for accurately claiming there was a bubble, but accurately predicting it's bust? And likely to predict the next one should it occur? Personally, I'm not so sure..
However, real estate is no more about easy money than any other investment, so the quick runup in itself was certainly a warning sign. Here, via CNN/Money, is a brief video of what Warren Buffett thinks about the real estate bubble's predictability via rating agencies, Fannie & Freddie, and the rest of us. His most relevant comments on real estate are near the end of the clip. Sorry, there's an ad for Citi at the beginning. - David
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