✉news BusinessReal Estate first seen 12 h ago, last 15 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 sellers in Texas increasingly willing to cut prices. The company says resale sellers in Texas are 'capitulating a little bit more,' suggesting growing price concessions in one of the country's key housing markets. The comments add to evidence of cooling demand and softening prices across the US housing sector.
Why now: Signals further deterioration in the US housing market, a concern for buyers, sellers and investors.
Evidence
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