As we’ve discussed, the real estate market has been very exuberant in recent months. According to the National Association of Realtors, August total existing-home sales were up 10.5% from a year ago, and the median existing-home price was $310,600, up 11.4% from August 2019, marking the 102nd straight month of year-over-year gains.
Even if you’re not in the market to sell a house, it’s still possible to benefit from this market. Let’s take a look at three of the investing areas benefiting from the real estate boom. One caveat: We don’t know how long this current seller’s market will last.
Homebuilder stocks set to have strong Q3 results
The Census Bureau reported August new home sales were 4.8% above July and 43.2% above the August 2019 estimate of 706,000. The median sales price of new houses sold in August 2020 was $312,800, while the average sales price was $369,000. The