Real estate

Housing market falters despite strong economy

Painted ladies San Francisco.
The Victorian Rowhouses In Haight-ashbury Neighborhood. San Francisco. Photo by: Francesco Vaninetti/ClickAlps/REDA&CO/UIG via Getty Images

The housing market has reached its longest downfall in four years, The Wall Street Journal reports.

Why it matters: Though the economic growth has been strong, rising mortgage rates and high home prices are still prevalent. The new tax law has also lessened incentives for people to buy homes. The report states that buyers have more choices and aren't as inclined to sign on with one home right away.

Report: SoftBank in talks for majority stake in WeWork

Photo of a WeWork sign on one of its New York buildings.
WeWork in NYC's Financial District. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

SoftBank is in talks to invest between $15 billion and $20 billion for a majority stake in office co-working company WeWork, according to the Wall Street Journal.

Why it matters: WeWork, which already raised $4.4 billion from SoftBank and its $93 billion fund last year, would be one of the firm's biggest investments. The move also raises questions as to why WeWork would want to cede so much control to one investor.

WeWork declined to comment.