Abnormal movement in U.S. stocks| The inventory of commercial housing has decreased for three consecutive months, FangDD (DUO.US) rose by more than 9%

According to the Securities Times app, on Monday, the stock price of Chinese innovative real estate technology company Fangdd Network (DUO.US) rose, with the stock up more than 9% to $2.644 as of the time of writing. On the news side, the National Bureau of Statistics released information on the changes in the sales prices of residential properties in 70 large and medium-sized cities in May. The data showed that the year-on-year decrease in new home prices in these cities continued to narrow, with a continuous decrease in inventory of commercial properties. The number of cities where second-hand house prices rose on a monthly basis fluctuated, but the speed of turnover increased. On the same day, National Bureau of Statistics spokesperson and Director of the Department of Comprehensive Economic Statistics Fu Linghui stated at a press conference held by the State Council Information Office that this year, with the acceleration of the implementation of various stable real estate policies, the real estate market continues to move towards stabilization after a period of decline. Overall, the real estate market operated steadily in May.