Hedge your bets Without creating too much exposure to possible downturns, there are a few places to put your money in the game. The obvious pick for many is Berkshire Hathaway ( NYS: BRK.A ) ( NYS: BRK.B ). For over a year now, Warren Buffett has been prophesizing the return of housing and steering his company's portfolio accordingly. After upping his stake, 15% of Berkshire Hathaway's stock portfolio is in Wells Fargo ( NYS: WFC ). Wells is in ripe position to bank serious profits from a housing rebound, as the company owns a third of the U.S. mortgage market. While most megabanks have been desperately trying to stabilize and strengthen balance sheets, Wells Fargo has become twice the company it used to be -- literally. After taking in Wachovia and increasing its mortgage portfolio, Wells Fargo has doubled in market cap.