According to the residential real estate brokerage company, Redfin (RDFN.US) , pending US home sales fell 3.4% year over year during the 4 weeks ending May 11th. 'New listings are still rising, allowing some buyers to get deals. Economic jitters and high costs stifle spring home sales.' - Redfin commented the data and signalled higher supply and market slowdown.
Redfin shares are almost 90% dwon from the all-time high since 2021 at almost 100 USD per share.
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Source: xStation5
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