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The continuing low-interest-rate environment, and the desire to move to bigger and better living and remote-working spaces, have increased the demand for real estate services over the past year. Furthermore, after the passage of a $1 trillion infrastructure package on August 10, the Senate has turned its attention now to a $3.5 trillion measure that could include more extensive investments in housing and changes to zoning policies. According to a SpendEdge report, the real estate agents and brokerage services market is expected to grow at a 4.8% CAGR from 2020 – 2024. Therefore, both FSV and OPEN should benefit.
OPEN has gained 5.5% in price over the past month, while FSV has returned 3.4%. However, FSV’s 51.9% gains over the past year are higher than OPEN’s 42.9% returns. Moreover, in terms of their past three months’ performance, FSV is the clear winner with 17.7% gains versus OPEN’s 1.9%.
