Ron Peltier, CEO of Warren Buffet’s real estate company Home Services of America, the second largest real estate company in the country and owner of Atlanta’s premier real estate firms, Harry Norman, Realtors and Jenny Pruitt and Associates, indicated during a guest host appearance on CNBC’s Squawk Box that we (the US) are in a “bifurcated housing market.” He went on to say there is the “primary market, consisting of the typical discretionary sellers moving from one home to another and the distressed market.”