Friday 20th January 2023 I recently read a write-up on eXp World Holding (NasdaqGM:EXPI), an online real-estate brokerage firm in the US on Value Investors’ Club, here. The “pyramid scheme” nature of acquiring and retaining real-estate agents, combined with the revenue-share nature of paying them, may well provide a durable moat for this business, enablingContinue reading “eXp World Holdings – a valuable pyramid scheme for US estate agents?”
Tag Archives: US Housing
What are the US housing trends we are seeing in DFH markets?
Thursday 10th November, 2022 Dream Finders Homes is predominantly operating in Southern US states, which are benefiting from long-term positive migration trends. (Exhibit 1) Exhibit 1: Almost half of US population growth since the 1970s has been in the South Source: US Census Bureau Key drivers being warmer weather and lower state taxes (State income taxesContinue reading “What are the US housing trends we are seeing in DFH markets?”
Given the spike in US home prices, do you think its fair to assume home prices will rise at 5.5% CAGR going forwards?
Thursday 10th November, 2022 Yes it’s a good spot. Median house prices in the US rose 18% in 2021, following +5% and -2% price changes in 2020 and 2019, respectively. This 18% rise also looks high relative to the median household income line of best fit. (Exhibit 1) Exhibit 1: The sales prices of newContinue reading “Given the spike in US home prices, do you think its fair to assume home prices will rise at 5.5% CAGR going forwards?”
The Equity Analyst 