The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70.

Here’s the latest list of major overbought players in this sector.

Alset Inc. (NASDAQ:AEI)

• The company’s shares jumped around 20% over the past month. The company’s stock has a 52-week high of $7.76. .
• RSI Value: 71.60
• AEI Price Action: Shares of Alset gained 13.4% to close at $1.99 on Thursday.

Industrial Logistics Properties Trust (NASDAQ:ILPT)

Anywhere Real Estate Inc. (NYSE:HOUS)

• HomeServices Of America increased its ownership stake in Title Resources Group. The company has a 52-week high of $12.96.
• RSI Value: 74.45
• HOUS Price Action: Shares of Anywhere Real Estate gained 9.9% to close at $7.69 on Thursday.

Five Point Holdings, LLC (NYSE:FPH)

eXp World Holdings, Inc. (NASDAQ:EXPI)

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