Growth stocks have been hammered this year. So have real estate stocks. eXp World Holdings (NASDAQ: EXPI) is both. As you can imagine, the stock has been decimated over the last year. However, its second-quarter earnings report revealed head-turning numbers that have defied real estate bears. Here's what the company had to say.

Real estate naysayers can easily point to mortgage rates that could price some potential homebuyers out of a new home and cool off the U.S. real estate market. Indeed, mortgage rates have more than doubled from 2.77% a year ago to their high of 5.81% in mid-June. But eXp doesn't seem to mind what mortgage rates do.

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Source Fool.com