✉news BusinessReal Estate first seen 5 h ago, last 56 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. 4 snapshots from 5 h ago to 56 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/413168