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Investors bought 25% shares of U.S. Affordable Housing stock in the fourth quarter, after news broke that the stock had bounced back in surprising places.

Americans looking for affordable housing have become accustomed to bad news about the real estate market, with a recent report from Redfin showing that in the fourth quarter of 2023, investors purchased 26% of the U.S. affordable housing stock, a blow to homebuyers whose purchasing power has been severely eroded by a lack of inventory, soaring home prices and high interest rates. Redfin's report paints a stark picture of the crisis facing many potential homebuyers in the U.S. and illustrates the severity of the problem.

How to Earn $500 a Month from PriceSmart Stock Before Q2 Earnings Release

PriceSmart Corporation (NASDAQ: PSMT) is scheduled to release its second quarter financial results on April 9, 2024, after the close of business. Analysts expect the San Diego, California-based company to report second-quarter earnings of $1.25 per share, up from $1.02 a year ago. PriceSmart expects revenue of $1.28 billion for the quarter, according to Benzinga Pro. On Feb. 2, PriceSmart raised its annual dividend to $1.16 from 92 cents per share.
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