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E A Listed On Stockmarket Sharply Downgraded

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Market Scan

HouseValues Weighed Down By Slowing Market

Maya Roney, 03.01.06, 12:04 PM ET

Piper Jaffray research analyst Safa Rashtchy downgraded online real-estate firm HouseValues to "market perform" from "outperform," citing a slowing real-estate market and increased investment spending.
"We see little catalyst for shares during 2006," wrote the analyst in a note to investors Wednesday. He cut
the price target on the stock to $13 from $23

Could the drop in target price from $23 to $13 represent the anticipated percentage drop in home values? Despite the VI hype in the US the investors are far far more cautious.

Edited by Realistbear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
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      • up 5%

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