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EXPI
Market Watch
31 mins

This CEO is leading an army of real estate agents through the toughest housing market in decades

1. The housing market is in a deep freeze due to buyer-seller divergence. 2. National housing sales projected lowest pace in 30 years with high prices. 3. Home listings removed surged 52% YoY, reflecting seller frustrations. 4. Pareja emphasizes market transparency beneficial for consumer negotiations. 5. Housing affordability issues remain critical amidst economic uncertainties.

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FAQ

Why Bearish?

With low buying demand and high prices, EXPI may see reduced sales volume. Historically, during downturns in housing markets, real estate agents' incomes and related stocks tend to suffer.

How important is it?

The article highlights critical challenges affecting the housing market, directly impacting EXPI’s operations and agent engagement.

Why Short Term?

The immediate effects of the housing market slow-down could be observed in EXPI's quarterly earnings as transactions decline.

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