The pandemic led to a rise in demand for real estate investing and house flipping due to record-low interest rates. The demand for housing meant real estate services were also in high demand. However, the demand for real estate services slowed due to high inflation and the Fed’s aggressive interest rate hikes, which led to higher mortgage rates.
The real estate services industry is expected to do well as mortgage rates fall, moderation in residential and industrial property prices and a strong labor market. To that end, it could be wise to buy real estate services stocks Hang Lung Properties Limited (HLPPY), Guild Holdings Company (GHLD), and AMREP Corporation (AXR).
