"This third consecutive decline in contract activity implies a possible topping off in sales," says Lawrence Yun at the National Association of Realtors.

More than anything else, investors globally are nervous about the economic outlook, PGIM Real Estate's Eric Adler and Peter Hayes said Tuesday.

Just 3% of organizations surveyed by CBRE and PwC US plan early implementation of the new standards taking effect 18 months from now; 23% haven't gotten started.

"Since demand is exceeding supply and financing is available, there is nothing right now to keep prices from going up," says David M. Blitzer at S&P Dow Jones Indices.

While the markets continue to move forward, "the rapid increases in property values, transaction volumes and other fundamentals" have now moderated, says Jamie Woodwell at the Mortgage Bankers Association.

"An investment in our company from one of history's most admired investors represents a vote of confidence in our experienced leadership team," says Christopher Volk, CEO of the net lease REIT.

In announcing the Counselors of Real Estate's annual Top Ten list of issues affecting the industry, chair Scott Muldavin noted that many of the issues are interconnected.

The Census Bureau's report of upward movement for new-home sales in May followed the National Association of Realtors' results for existing homes earlier this week.