Stocks That Hit 52-Week Lows On Monday
During Monday's session, 402 companies made new 52-week lows.
Short Interest Sector Focus: Real Estate Sector
As of the close of business on Tuesday, 9/27, we captured the Top 10 Highest Short Interest % stocks within the Real Estate Sector.
The average short interest for stocks within the Real Estate sector stands at 2.95%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
Redfin Reports Luxury-Home Purchases Plummet 28%, The Biggest Drop on Record Since At Least 2012; According To A New Report From Redfin.com
High-end homebuyers are backing off as rising interest rates, inflation, a tepid stock market and economic uncertainty make it less feasible to purchase luxury goods
Analyst Remains Bearish On Real Estate iBuyers: ‘Fundamentals Are Going To Turn Worse Before They Get Better’
The National Association of Home Builders/Wells Fargo Housing Market Index fell three points in September to 46, a bearish reflection of current U.S. homebuilder sentiment.
Housing Activity ‘Took A Nosedive’ As Mortgage Rates Hit 15 Year Highs – A Chart That Says It All
Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac (OTCMKTS: FMCC) data.
Dropping Home Sales Numbers May Mean The End Of Bidding Wars
The real estate market is churning again, and based on the latest home sales numbers from several sources, the end of private home bidding wars may be nearing its end.