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Share of US homes for sale with a price drop rose to 17.8% in four-week period ended May 15, the highest level in two and a half years and up from 9.5% year ago; new listings down 0.6% from year ago, pending sales down 6%: Redfin
Published: May 20, 2022 by Redfin Corp.
Truist downgrades Target to hold from buy, noting Q1 miss was due to retailer's execution missteps, such as extended lead times on product ordering, aggressive moves to build in-stock positions; when demand doesn't materialize, it has more markdown risk
Published: May 20, 2022 by FinancialPress
Commentary: Retailers bulked up inventories during worst of pandemic, and now they're stuck with them; Walmart, Target, among those stuck with too much inventory, which is not ideal, as storage is costly and stores will have to mark down items up to 50%
Published: May 20, 2022 by Marketplace
US existing-home sales fell 2.4% in April from March to seasonally adjusted annual rate of 5.61 million; inventory of unsold homes increased 10.8% from March to 1,030,000, equal to 2.2 months of the monthly sales pace: NAR
Published: May 20, 2022 by National Association of Realtors (NAR)
US homes sales in April increased 0.5% month-over-month, median home price up 3.4% to US$420,000; for-sale home inventory increased 24.0% in April: Re/Max
Published: May 18, 2022 by Re/Max LLC

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