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With its passage of a $1 trillion infrastructure package on August 10, the Senate has now turned to a $3.5 trillion measure that could include more extensive investments in housing and changes to zoning policies. According to a Research and Markets report, the global real estate market is expected to grow at an 8% CAGR from 2020 – 2025.
Given this favorable backdrop, Wall Street analysts expect real estate stocks Zillow Group, Inc. (Z), KE Holdings Inc. (BEKE), and Doma Holdings Inc. (DOMA) to rally by more than 30% in price in the near term. So, we think it could be wise to add them to one’s watch list now.
