Why is Real.to dropping?

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Just curious as it took a big drop since reaching its 52 week high.

Any reason to this?

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Asked on August 27, 2020 8:41 am
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Hi there,

The most likely reason is because new mortgage and refinance applications came in lower than expected in the U.S. (which is Real's primary market) over the past two weeks. Nothing to be concerned about in the big-picture. Year-over-year new purchases and refinances are up 27% and 38% respectively.

We would view this dip as an opportunity for investors.

Mat

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Posted by Mathieu Litalien
Answered on August 27, 2020 11:54 am
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