October 16, 2021
Real Estate

3 Real Estate Stocks to Buy for the Hot Housing Market

The U.S. housing market remains strong. Existing home sales throughout America rose 1.4% in June to a seasonally adjusted annual rate of 5.86 million units according to the National Association of Realtors. And home prices have been even stronger.

Nationwide, U.S. home prices increased by 17.2% in June compared with the same month of 2020 — a record high. More than half (50%) of homes sold in the U.S. this year have fetched above the asking price. In such a strong housing market, certain stocks perform extremely well.

Here are three real estate stocks to consider buying to capitalize on the hot housing market.

  • Lennar (NYSE:LEN)
  • Zillow Group (NASDAQ:ZG)
  • Home Depot(NYSE:HD)

From construction companies to realtors and suppliers, many companies are benefitting from the current U.S. housing market and likely to continue doing well in coming months. Let’s take a closer…

Read full article here: www.investorplace.com