✉news BusinessReal Estate first seen 5 h ago, last 13 min ago, peak #2
KB Home says housing market has weakened since June
Original: KB Home: The housing market has weakened since June—and Texas resale sellers 'capitulate a little bit more'
Homebuilder KB Home reports that housing market conditions have deteriorated since June, with the company noting that resale sellers in Texas are 'capitulating a little bit more' by cutting prices to close deals. The comments point to growing price pressure in Texas resale markets and add to concerns about a broader slowdown in the US housing market heading into the fall.
Why now: Investors and homebuyers are watching for signs that falling prices in Texas and weakening demand signal a broader housing downturn.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 13 min ago.
Evidence
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