Homebuyers may not see significantly lower mortgage rates this year, but other parts of the housing market show promise.

Warren Buffett is telling investors something -- not through what he has said, but through his actions with the balance sheet of his investment conglomerate Berkshire Hathaway ( BRK.A -0.40%) ( BRK.B 0.83%). These actions should be taken as a warning sign with the stock market reaching elevated valuation levels in recent months.

Warren Buffett has built his legendary investment success by embracing market crashes rather than fearing them. Learn his time-tested strategies for turning market panic into profits.