Black Knight, Jacksonville, Fla., said falling home prices likely resulted in homeowners’ tappable equity peaking this past May.
CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell for the sixth consecutive month, as high home prices and elevated mortgage rates continue to weigh on consumer sentiment, particularly home-selling sentiment.
Fitch Ratings, Chicago, said inflationary pressures and a potential modest recession could pave the way for a revision of sector outlooks to “Deteriorating” for North American insurers before the year is out.
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