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Zacks
New Home Sales Dip in May: What Lies Ahead for Housing?
New home sales decline in May, thanks to high borrowing costs. Does this prepare us for a grim outlook for housing?
Barrons.com
Apartments Are Worth Buying, Judging from KKR’s $2 Billion Deal With Lennar
The announcement of a large purchase by private-equity firm KKR adds to evidence that apartment values are bottoming. KKR will pay some $2.1 billion for 18 developments built by Lennar that spread from California through Texas, Colorado, Georgia, Florida, and North Carolina, to New Jersey. Wedbush analyst Richard Anderson says that real estate investment trusts that focus on apartments are seeing the light at the end of the Sunbelt tunnel.
Yahoo Finance
New home sales plummet to 6-month low amid high mortgage rates
New home sales hit a six-month low as high mortgage rates continued to weigh on buyers.