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.
Source: xStation5
BREAKING: S&P Manufacturing PMI data from the UK weaker than expected
Economic calendar: Markets await final US manufacturing PMI data🔎
BREAKING: Euro Zone Manufacturing PMI misses the estimate 🇪🇺 📉
House prices in the United Kingdom are falling 📉