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Lance Lambert reports that Berkshire Hathaway plans to acquire Taylor Morrison, a major U.S. homebuilder ranked No. 452 on the Fortune 500, in a deal valued at $8.5 billion.
This acquisition represents a significant move in the homebuilding sector.
Recent coverage by Lambert highlighted that single-family home prices in the Seattle metro fell 2.2 percent year-over-year, according to Freddie Mac data. He has also reported on the rise in FHA mortgage delinquencies and questions surrounding zero-down payment loans. These developments have been tracked as the housing sector faces shifting conditions.