Home Prices Soar: 1 Growth Stock That Could Win Big
Earlier this week, the Case-Shiller 20-city home price index data for October was released, and it showed a significant 18.4% jump compared to the same month last year. That follows a strong 19.1% result in September, and it highlights how consistently robust U.S. housing has been in 2021.
The 20-city index measures residential real estate prices across 20 major metropolitan areas, including New York, Los Angeles, Detroit, and Chicago, in an attempt to offer a broad overview of prices across the country. October's result is well above the index's 10-year average of 7.16%.
Stock market investors might be wondering how to gain exposure to this rapid growth in home prices, and innovative real estate company Redfin (NASDAQ: RDFN) might be the answer.
Source Fool.com
