Record low mortgage rates during the pandemic meant people bought and flipped houses. The high demand for housing meant that real estate services were also in high demand. However, the demand for real estate services slowed due to rising mortgage rates and high inflation.
However, as mortgage rates continue to fall along with declining home prices, the real estate services industry is expected to remain robust. Amid this backdrop, it could be wise to buy fundamentally strong real estate stocks Guild Holdings Company (GHLD), The RMR Group Inc. (RMR), and AMREP Corporation (AXR).
