The following video is from this week's MarketFoolery podcast, in which host Chris Hill, along with Jason Moser and Joe Magyer, analyze the latest business news. Warren Buffett is making a bet on housing with his $3.85 billion bid for the mortgage business and loan portfolio from Residential Capital. Is this a sign that housing is back or merely that Buffett has found a unique opportunity? In this segment, the guys answer those questions and discuss how investors can make a bet on housing by avoiding homebuilding stocks and looking instead at the likes of Wells Fargo and Sherwin-Williams.

Why is Buffett so interested in the banking industry? The Motley Fool has a brand-new report, "The Stocks Only the Smartest Investors Are Buying," that explains why Buffett and others are looking to the banking industry for their next investments. You can access this just-released report by clicking here -- it's free.

Chris Hill owns no shares of any of the companies mentioned. The Motley Fool owns shares of Berkshire Hathaway and Wells Fargo and has created a covered strangle position in Wells Fargo. Motley Fool newsletter services have recommended buying shares of Berkshire Hathaway, Sherwin-Williams, and Wells Fargo and writing covered calls on Lowe's. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.