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Property News for 24 August 2022
Vacation rental company Vacasa picks protege of Uber CEO to be next chief executive
CNBC - 24 Aug 2022 15:28
Vacasa picked Rob Greyber, who led Expedia's Egencia division from 2009 to 2020, to succeed current Chief Executive Matt Roberts.
Pending home sales slip 1% in July, but Realtors say market may be 'at or close to the bottom'
CNBC - 24 Aug 2022 17:15
Pending home sales, a measure of signed contracts on existing homes, dropped 1% from June to July, according to the National Association of Realtors.
Home prices fell for the first time in 3 years last month - and it was the biggest decline since 2011
CNBC - 24 Aug 2022 15:25
The sharp and fast rise in mortgage rates this year caused an already pricey housing market to become even less affordable.
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