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.
“We have seen and noted the recent recovery in the housing market, but are other sectors of the real estate market being left behind. vice president and ceo of kim co. we have seen the housing market take off. that’s the good news. where are we on commercial? commercial real estate has been doing well for the last couple years after a very tough great recession.”