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Top related persons:
Warren Buffett - 1 Ted Oakley - 1 Buffett - 1 Oakley - 1 — - 1 overexposed - 1 Berkshire Hathaway - 1 Buffett's - 1
Top related locs:
pouncing Berkshire China Russia India Saudi Arabia
Top related orgs:
Service - 1 Oxbow Advisors - 1 Apple - 1 Oxbow - 1

Search resuls for: "Ted Oakley"


4 mentions found


☆ Warren Buffett is battling a bargain drought — and pared his Apple bet because it's a 'one-trick pony,' expert says
  + stars: | 2024-05-11 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Warren Buffett is building up cash because he can't find anything better, Ted Oakley said. Buffett probably cut his Apple stake to reduce his exposure to the "one-trick pony," Oakley said. AdvertisementWarren Buffett is stacking up cash because he's battling a bargain drought — and he likely trimmed Apple because he felt overexposed to the iPhone maker, one expert says. AdvertisementApple accounted for half of Berkshire's $354 billion stock portfolio at the end of December. "Warren Buffett knows that," he said.
Persons: Warren Buffett, Ted Oakley, Buffett, Oakley, —, overexposed, Berkshire Hathaway, Buffett's Organizations: Service, Oxbow Advisors, Apple, Oxbow Locations: pouncing, Berkshire, China, Russia, India, Saudi Arabia
☆ Ivy Zelman, who famously predicted the 2008 housing crash, says that home prices could drop 20% from their current values if the economy doesn't improve
  + stars: | 2022-12-07 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +6 min
The Fed's fight against inflation has led to high mortgage interest rates, cooling housing demands. As demand falls, Ivy Zelman, a real-estate anaylist, said national home prices could fall by 20%. As long as mortgage rates remain elevated, Zelman said housing demand will continue to shrink — ultimately resulting in even steeper price cuts from sellers. This latest slide in rates is just 0.59% below the two-decade high that the rate hit just three weeks earlier. But as Zelman herself suggested, if the Fed continues with further rate hikes and mortgage rates remain elevated in 2023, this will become the likely culprit to a protracted housing slump.
☆ Home prices are falling at the fastest rate in 15 years. 7 real estate analysts and economists break down how bad they think it's going to get.
  + stars: | 2022-11-30 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +8 min
As demand fades in the housing market, price cuts have become widespread. However, despite more sellers cutting asking prices, home prices have still increased by 10.6% year-over-year. On an annual basis, Fannie Mae says house price growth will turn negative beginning in the second-quarter of 2023. According to Freddie Mac's Sam Khater, house price growth will average 6.7% in 2022 and then decline by 0.2% in 2023. With inventory levels at all-time lows, he believes supply and demand dynamics will give way to significant price declines nationwide.
☆ Pharrell's 'yard sale' auction — including a $500k chain and a $22k gold-encased Blackberry - gets soaring six-figure bids
  + stars: | 2022-10-27 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
Pharrell Williams announced the launch of his online auction house, Joopiter, in September. On Oct. 13, the music mogul invited famous friends to view his private collection before the online auction. The music mogul announced the launch of his online auction site, Joopiter, in September, putting several personal items on the block. JoopiterAs the hours of the online auction ticked down, the blinged-out sunglasses, a gold-encased Blackberry phone, and a diamond-encrusted dice set continued to attract high bids. In the FT report, Williams shared his plan to one day open the auction site to more collectors selling their luxury items.
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