2024-04-08 09:15:14 ET
Summary
- eXp World Holdings is a cloud-based real estate brokerage that challenges the need for physical locations.
- The company markets itself as a tech company, but its success relies on a healthy housing market.
- The housing market currently faces challenges such as high interest rates and unaffordability, but a potential drop in rates could improve the situation.
Dear readers,
eXp World Holdings ( EXPI ) is a cloud-based real estate brokerage which has tried to revolutionize the real estate industry by challenging the age-old norm that a brokerage needs a physical brick and mortar location to operate. The company IPOed in 2013, but hasn’t really gained any traction until 2020 when its stock price sky rocketed from $4 per share to almost $80 per share....
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For further details see:
EXp World Holdings: Trough Earnings, But Expensive