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home / news releases / OPEN - Look to commercial real estate stocks as home prices climb out of reach

OPEN - Look to commercial real estate stocks as home prices climb out of reach

Opendoor Technologies Inc
In this holiday-shortened week, more data will show just how hot the residential real estate market is. The S&P Corelogic Case-Shiller home price index for December comes out on Tuesday and January new home sales will be released on Thursday. The ever-rising home prices, though, aren't helping residential real estate brokerages as real estate agents compete for a dwindling supply of homes for sale. In addition, mortgage rates are creeping up, making a home purchase less affordable, especially for first-time buyers. Where are the opportunities in real estate? Look to commercial real estate firms and related companies. Screening a list of 14 real estate-related companies, commercial real estate services firms Newmark Group (NASDAQ:NMRK), CBRE (NYSE:CBRE), and Jones Lang LaSalle (NYSE:JLL) rank the highest by Seeking Alpha's Quant rating. Don't count residential out completely. Realogy (NYSE:RLGY), which owns the Century 21, Coldwell Banker, and Better Homes and Gardens Real Estate brands,

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Look to commercial real estate stocks as home prices climb out of reach
Stock Information
Company Name: Opendoor Technologies Inc
Stock Symbol: OPEN
Market: NYSE
Website: opendoor.com
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