There are numerous ways to make a fortune investing in technology, and Money Morning Defense and Tech Specialist Michael A. Robinson has found another great opportunity. This time, it’s in the housing being purchased by all the newly minted tech millionaires in San Francisco and other high-tech hubs.
What Robinson sees is financial technology, or fintech, moving into the real estate world. With financier-owned rental properties in the United States soaring 60% last year, Wall Street sees a gold mine.
And what do the number-crunching quants on Wall Street need more than anything? Data. Gobs and gobs of data. After all, the more they have and the better it is, the better equipped they are to cash in on this growing trend in real estate.
But there is more data to crunch than just occupancy rates and house prices.
Real estate is dependent on free and clear ownership of the property. Therefore, anyone involved must know whether their properties have any tax or other liens registered on them. They want to know about the neighborhoods they’re in. And they need comparative rental and purchase price information.
All of this information is available if you know where to look and – more importantly – have the time and money to find and catalog it.
The company we’re bringing you today does exactly this. This tech and real estate stock is one of the best long-term buys you’ll find on the market now…
This Is the Best Tech and Real Estate Stock to Buy in 2018
CoreLogic Inc. (NYSE: CLGX) is a property-information, analytics, and data-enabled services provider.
It offers a comprehensive national database covering real property, mortgage information, judgments and liens, building and replacement costs, criminal background records, eviction information, non-prime lending records, credit information, and tax information, among many other data types.
From single-family homes and apartment buildings to oil and gas exploration and telecommunications lines, CoreLogic’s data is a top tool for any property owner.
As such, it’s uniquely positioned to capitalize on the nation’s surging real estate market, including rising rental demand that has resulted in housing inflation in many metropolitan areas.
Robinson first recommended CoreLogic stock to his subscribers in August 2014, when it was trading for roughly $27. It reached $55.79 on June 12, meaning his subscribers who acted on that recommendation had peak gains of 107%.
After the bell July 25, the company released earnings for the second quarter that topped analyst estimates for both revenue and earnings. Thanks in part to the tech-sector swoon, CoreLogic stock reacted poorly the next day, falling 8.7%. The good news, however, is that it is on sale and once again, cheap relative to its own bull market.
Analysts who look at stock price performance note that the long-term bull market trend from 2011 is very much still intact. That means that buying dips, when they happen, has been a good strategy. And as long as the bullish trend remains in force, it’s still a good plan.
Although home-price gains, according to the S&P CoreLogic Case-Shiller Index, decelerated a bit in the July 31 report, they are still strong and even running well ahead of wage gains and inflation. That should keep CoreLogic’s growth on track.
It’s a great long-term Big Data way to play multiple aspects of the nation’s real estate sector.
Source: Money Morning