Reuters – Contracts to purchase previously owned U.S. homes fell for the second straight month in July, a sign that rising mortgage rates are taking the steam out of Americas housing market recovery.
Companies are aggressively tapping the public markets this year, but no industry is as gung-ho about selling stock as real estate.
Including IPOs, follow-on offerings and equity conversion deals, the real-estate sector has raised $29.3 billion this year, up more than 90% from the prior year and the highest volume on record through late May, according to Dealogic.
Real-estate investment trusts have been the biggest driver of activity.
Of the 83 deals that had priced, 79 were REITs, with equity REITs making up slightly more than half and mortgage REITs the remaining, according to the data provider.