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.
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…