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Sristi Suman Jayaswal

Don't Waste Time Investing Into These Real Estate Stocks

CTO RDFN Redfin Corporation Sristi Suman JayaswalThe

Dampened housing demand amid rising inflation and borrowing costs paints a gloomy picture for the real estate sector in the near future. Given this backdrop, let us probe into some real estate stocks Redfin Corporation (RDFN), CTO Realty Growth, Inc. (CTO), and Harbor Custom Development, Inc. (HCDI), which might be best avoided for the reasons mentioned throughout the article.

The Federal Reserve’s continued rate hikes to tame the multi-decade-high inflation impacted most sectors of the economy. Reduced housing demand triggered by high prices and high borrowing costs marred the real estate sector to a great extent. Home sales have taken a nosedive, with home prices dropping in many previously overheated markets.

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