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Warren Buffett Just Put $600 Million Into This Stock As America Marches Into the Weakest Housing Market In Years
Summary by 24/7 Wall St.
3 Articles
3 Articles
Warren Buffett Just Put $600 Million Into This Stock As America Marches Into the Weakest Housing Market In Years
Warren Buffett is pouring hundreds of millions into America's largest homebuilder at the exact moment mortgage rates hit multi-year highs and cancellation rates set records. Here is why his conviction grows as nearly every analyst turns bearish.
·Lakewood, United States
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Faithful to the thesis that it is worth being greedy when others are afraid, Berkshire Hathaway is increasing its exposure to the U.S. real estate market at a challenging time for the sector. From June to here, CEO Greg Abel doubled Berkshire's participation in Lennar, one of the largest residential incorporators in the U.S.
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Total News Sources3
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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