🤝 Mind over Matterport: CoStar acquires 3D layout company Matterport for $1.6B — Inman

🏠 Housing Halt! Single-family homebuilding sees the largest monthly decline in three years, with overall housing starts experiencing the biggest drop since the start of the pandemic — CoStar

🦞 Sinking Ship: The popular seafood restaurant chain, Red Lobster, is contemplating a Chapter 11 bankruptcy filing to restructure its debt and renegotiate leases, amidst ongoing financial struggles — Bloomberg

🔁 Flip It Flop: Charles "Todd" Hill, known from the 2013 show “Flip It to Win It” has been sentenced to four years in prison and ordered to pay $9.4M in restitution for committing real estate fraud — Inman

⚖️ Courtroom Clash: Despite HomeServices of America's argument that the Eighth Circuit Court of Appeals wrongly rejected arbitration agreements, the U.S. Supreme Court has declined to hear the case — HW

💰 Credit Tinder: New Fannie Mae scoring system seeks to attract investors and boost lending to underserved borrowers — BNN

🏢 Tech Exodus: Big firms like Meta, Amazon, Salesforce, and Google are reducing their office space leases, signaling a shift towards remote work and causing concern for commercial landlords — Inman

📉 Housing Recession? As mortgage rates rise and builders' confidence stalls, the U.S. housing market shows signs of recession, with falling housing permits and the potential for job losses in the construction sector — HW

🏢 Commercial Recession? U.S. commercial real estate prices continue to decline, but at a slower pace, with the industrial sector showing signs of improvement — ConnectCRE

📈 Mortgage Mayhem: For the first time this year, mortgage rates went over 7%, the highest level since mid-November of last year — CNBC

😓 Ouch: Multifamily unit operating expenses have increased by 7.1% year over year, with property insurance premiums seeing the steepest rise at 27.7% — MD