Real Estate

1. Home Depot and Lowe's cite strong demand in earnings reports, but softening could be ahead

   Even as homebuilder sentiment dropped, Home Depot and Lowe's saw continued strong demand from contractors.

2. Home sales fell nearly 6% in July as housing market slides into a recession

   Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors.

3. Chinese property developers' cash flows have plunged by more than 20%

   Chinese property developers' cash flows — a sign of the companies' ability to stay afloat — have plunged this year, according to Oxford Economics.

4. Mortgage demand fell last week even as rates declined slightly

   A small drop in mortgage rates was not enough to fuel any kind of recovery in consumer demand for home loans.

5. Homebuyers are backing out of more deals as high mortgage rates persist and recession fears linger

   Homebuilder cancellation rates have more than doubled since April, according to surveys by John Burns Real Estate Consulting.

6. 4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday

   The Investing Club holds its "Morning Meeting" livestream every weekday at 10:20 a.m. ET.

7. More than 100 million Americans will be exposed to extreme heat by 2053, mostly in the South and Midwest

   Next year, about 50 U.S. counties, which are home to more than 8 million residents, are expected to feel heat index temperatures above 125 degrees Fahrenheit.

8. Homebuilders say U.S. is in a 'housing recession' as sentiment turns negative

   The National Association of Home Builders/Wells Fargo Housing Market Index has declined for eight straight months.

9. Want to buy a home? Use this mortgage calculator to determine your monthly payment

   If you're thinking about buying about home, use our mortgage calculator to estimate your potential monthly payment.

10. Property investors are holding back as the global economy sours, says Singapore’s CapitaLand Investment

    Real estate investors are now being "careful and prudent" about deploying more capital in the face of growing economic uncertainty, said CapitaLand Investment.