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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
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pouncing Berkshire China Russia India Saudi Arabia
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Service - 1 Oxbow Advisors - 1 Apple - 1 Oxbow - 1

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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.
☆ Pandemic hotspots like Phoenix and Denver hit their housing market peak earlier this year and there's more evidence than ever that they're descending back to earth
  + stars: | 2022-11-29 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +4 min
Considering sales alone, these cities were among those that saw the most dramatic declines, according to data technology company Zonda. "There are many forces working against the housing market right now," Zonda Chief Economist Ali Wolf said in a report last week. By late spring, the markets were feeling the pain. In both Austin and Phoenix, home prices are rising at a pace 23% slower than they were last year, the report shows. Since late Spring, home prices in Phoenix have dropped 6.7% and in Austin, prices have dropped by over 10% since the end of May.
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