Of course… I am glad I can add a perspective.
It should be noted that real estate sales have been very active over the last 24 months. Even during COVID agents have been very busy. In California, agents were designated as essential so sales continued.
Combine this with a very large exodus from the big city to smaller cities because of the work from home movement AND from smoke-filled CA to other parts of the US, I would expect EXP to do very well in the next few quarters. In areas where I have familiarity, there is 1-2 months’ worth of inventory. A typical balanced market has 5-7 months of inventory. Also, sub 3% interest rates have caused prices to increase and people that were on the fence to move. This is all good for all real estate companies
Trek24 had some very good points too.
It is tough to argue with the numbers, cashflow that is being thrown off, and the growth that is happening.
MH