OPAD - This Stock Could 10X and Still Have Room to Grow
There are few markets that are more in need of disruption than the real estate industry. For the most part, homes are still bought and sold through traditional real estate agents. The process is clunky at best, and the average sales commission is about 6% of the sale price, which translates to more than $20,000 on the average home.
Although it's not the only way the home selling process is being disrupted, iBuying, or "instant buying," is a very promising industry that has started to gain serious traction. There are only a few companies that buy homes directly from sellers on a large scale, and after reading through its latest earnings, Offerpad (NYSE: OPAD) looks like an especially promising way to invest in it.
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This Stock Could 10X and Still Have Room to Grow