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Real estate, often a defensive sector, was among the stocks that fell the least in Thursday’s trading, as investors turned to safer bets amid the uncertainty surrounding Russian military action in Ukraine. Also helping, two real estate companies reported better-than-expected fourth-quarter results since markets closed Wednesday.

Real Estate Select Sector SPDR ETF (NYSEARCA:XLRE) is off only 0.6% in midday trading in New York on Thursday.

Solutions offers (NYSE:OPAD) Stock earn 15% after its fourth-quarter EPS GAPP of $0.05 beat the consensus of -$0.10. The company buys houses, renovates them, then resells them. During the company’s earnings call, Chief Financial Officer Mike Burnett said the company expects to sell 3,000 to 3,150,000 homes in the first quarter of 2022, generating revenue of $1.1 billion to $1.15 billion. of dollars. That compares to the consensus estimate of $836.3 million.

world of experience (NASDAQ: EXPI)which provides cloud-based real estate brokerage services, is up 10% after its fourth-quarter GAAP EPS of $0.10 beat analysts’ average estimate of $0.07 and revenue of $1.08 billion beat the estimate of $1.03 billion. Real estate transactions completed in the fourth quarter rose 52% year-on-year to 125,029.

Other rising real estate stocks included Opendoor Technologies (OPEN +7.9%), a digital residential real estate platform which reports its fourth quarter results after Thursday’s close, Compass Inc. (COMP +2.7%), Redfin (RDFN +1.9%), and Zillow (Z +1.8%).

Homebuilder stocks are mostly in the green, with DR Horton (DHI +2.3%), Lennar (LEN +3.7%), Meritage Homes (MTH +1.7%) and Hovnanian Enterprises (HOV +1.7%) among the biggest movers.

In other housing news, mortgage rates fell slightly over the past week, with the 30-year fixed rate averaging 3.89% from 3.92% the previous week and home sales new cars fell more than expected in January.