Wednesday, August 3, 2022

Stock Power Daily — Home Sales Still on Fire: Real Estate Power Stock Builds Homes AND Develops Land

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Home Sales Still on Fire: Real Estate Power Stock Builds Homes AND Develops Land

  • Despite higher interest rates, 50% of homes for sale go under contract with a buyer within two weeks.

  • Over five years, real estate revenue will climb 24.1% to $412.6 billion.

  • Today’s Power Stock is a $1.2 billion land developer and homebuilder that rates a 95 on our proprietary system.

The Federal Reserve just raised interest rates for the second time this year to help curb 9.1% inflation.

But even with higher interest rates, homes are selling fast.

Redfin chief economist Daryl Fairweather put the housing market in simple terms:

Homes are selling just as quickly as ever. Fifty percent of homes are still going under contract within two weeks.

The U.S. housing market isn’t slowing down:

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The chart above shows that revenue from the real estate industry will rise 24.1% by 2025.

Today’s Power Stock is a residential land developer and homebuilder that will benefit from this trend.

Click here or on the image below to find out more!

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