Why This Under-the-Radar Stock Is a Buy
eXp World Holdings (NASDAQ: EXPI) is my favorite stock in the real estate sector and one of my favorite internet companies. I believe this company is going to be the Amazon of real estate sales, like Carvana is in the world of auto retail.
The real estate market is huge. Over $2 trillion worth of buildings and land were bought and sold around the world last year. If we assume a 5% commission rate, then the global market for real estate sales is a $100 billion opportunity. Several companies, including Zillow Group (NASDAQ: Z) (NASDAQ: ZG) and Opendoor Technologies (NASDAQ: OPEN) are seeking to dominate this market and become the Amazon of real estate.
And there's a bifurcation here. On the one hand, Zillow and Opendoor are trying to eliminate the need for brokers in the real estate market. Meanwhile, eXp World is going in the completely opposite direction and is using the internet to empower brokers and help drive their business forward.
Source Fool.com
