Online Real Estate Transactions
If you haven't noticed there is a boom going on in real estate. Part of it is COVID, part of it is low rates, part of it is the expectation of being able to do everything online. People are buying and selling homes online, in some cases with no physical visit. Market leader Zillow (Z) is hitting new highs at a $19B market cap at nearly 5x sales. Even smaller rival Redfin (RDFN) has surged to new all-time highs.
In a fairly large survey done by Redfin, they found that . . .