The March quarterly! You are right I totally forgot about it. And the world has barely changed since....
From REA April national residential listings were down 8% year-on-year, with Sydney listings down 19% and Melbourne down 18%.
Different markets but likely similar trends.
Do you think a drop in listings will bring profitability forward?
Pakistan CPI was ~14% yoy in May22. Zameen pricing power will be put to the test.
The SP has dropped 40% since the March quarterly was published. Obviously everyone forgot to read it....
Textbook anchoring.
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