Real estate tech stocks rallied after a three-day tech rout roiled the market.
After the market closed yesterday, Zillow stock was up 2 percent while CoStar climbed 1.44 percent. Redfin rose 6.85 percent and eXp World Holdings was up 10.55 percent. Two SoftBank-backed companies that went public this summer — Lemonade, an insurance tech firm, and KE Holdings, a Chinese real estate platform also known as Beike Zhaofang — were up 6.36 percent and 3.9 percent, respectively.
The survey, of 2,000 investors world-wide with investible assets of more than $800,000, showed that 75% of respondents felt residential real estate looks attractive from an investment perspective.
About half of the respondents expect an increase in the value of their real-estate investments over the next two years. Almost 40% of those with assets of $50 million or more have greater than 50% of their portfolio in real estate (so much for lessons learned).
Perhaps the most interesting part of the survey relates to gender. Almost half (49%) of the women surveyed consider real estate to be a less risky investment than stocks, compared with 37% of men.
Women also are more likely to enjoy investing in real estate than men: 44% of women surveyed find buying property more enjoyable than investing in other asset classes. Only 28% of men feel the same way. While 34% of men are likely to invest in real estate indirectly through a fund, only 14% of women would prefer this approach.
I’m going to avoid stereotyping and put the question to readers: Why do you think that, among the wealthy, women like real estate more then men?
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