Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years

Home Real Estate Analysis Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years. New listings rose to the highest level since before the pandemic in March. Sales of existing homes fell by 4.3% in March from February.

REIT Earnings Preview: Delay And Pray

Real estate earnings season kicks off this week. More than 175 equity REITs, 40 mortgage REits, and dozens of housing companies will report results. The REIT Index is now 12% off recent December highs. Real estate is being pressured by the rebound in interest rates. The latest rate resurgence creates renewed pressure on rate-sensitive sectors.

The State Of REITs: April 2024 Edition

78.06% of REIT securities had a positive total return in March. Equity REITs bounced back from a rough start to the year with a strong +3.26% average total return. Advertising REIT's (+13.03%) led the sector in March and outperformed the broader market. The average REIT NAV discount narrowed from -18.50% to -15.96% during March. 14 out of 18 REIT property types averaged a positive return.

8 REITs increase dividend payouts in March, says report

Financials 8 REITs increase dividend payouts in March, says report. Retail REIT InvenTrust Properties saw the largest relative dividend growth of the month. Total number of real estate investment trusts that hiked their dividends in Q1 to 35, says S&P Global Market Intelligence.

Capital offering activities by equity REITs rise by 14% M/M in March

Weekly Report: what happened at FRI last week (0408-0412)?

Here We Go Again

Real estate stocks continue to dip as earnings season kicks off

Real estate stocks continue to dip as earnings season kicks off. The broader S&P 500 put in its worst weekly performance since late October last year. The Real Estate Select Sector SPDR Fund ETF closed 2.97% lower this week. Inflation data marred sentiments as the Q1 earnings season kicked off on a mixed note.

Why We Expect A Price Recovery In Commercial Real Estate

Lower interest rates should help lower real estate debt costs and start a chain reaction for a recovery in prices. Improved tenant confidence and a sharp reduction in new supply should drive rent growth starting next year. Lower interest rates and lower cap rates should result in higher real estate prices. Invesco expects real estate to start its price recovery in 2024.

Anatomy Of A Recession Update: What's Different About This Cycle?

Jeffrey Schulze, Head of Economic and Market Strategy at ClearBridge Investments, discusses the updated ClearBridge Recession Risk Dashboard. He says immigration has increased the growth potential of the US economy more than usual. He also shares his views on US equities and the impact of the Magnificent Seven.

New Home Prices Fall, Still Unaffordable For Most American Households

In February 2024, the median new home price sold in the United States fell to $400,500. Even at the lowest price recorded since June 2021, it still remains out of reach for the typical American household. The mortgage payment for a typical new home sold has consistently exceeded the 28% basic affordability threshold.

The Federal Reserve Must Choose Its Interest Rate Strategy

Desmond Lachman says the Federal Reserve must choose its interest rate strategy. He says the Fed will have to keep interest rates high to meet its inflation target or cut interest rates to stabilize the financial system. The Fed’s predicament stems from keeping monetary policy too loose for too long, he says. The Federal Reserve has helped fuel a commercial real estate bubble and a bubble.

Weekly Report: what happened at FRI last week (0401-0405)?

A Crude Problem

Real estate stocks decline as markets price in reduced hopes of near-term rate cut

Real estate stocks decline as markets price in reduced hopes of near-term rate cut. The Real Estate Select Sector SPDR Fund ETF (XLRE) fell 3% this week. Office REITs were the biggest losers, while the broader S&P 500 suffered its worst week of 2024.

The Stock Market Is Partying Like It Is 2008

Home Market Outlook Today's Market The Stock Market Is Partying like It Is 2008 Desmond Lachman: The stock market is partying like it is 2008 even at a time of high interest rates. He says the market is ignoring the risk of heightened world trade tensions. The market is also ignoring the slow-motion train wreck in the commercial real estate sector.

Investing In Real Estate Through REITs

Real estate investment through REITs is popular because they distribute generous dividends and are easy to understand. Real estate brings great diversification to your portfolio. The Dividend Guy says real estate is a great sector to start with if you want to invest in real estate.

VNQ: Portfolio Holding Shifts Improve This ETF [Upgrade]

Vanguard's Real Estate Index presents a Strong Buy opportunity in the beaten-up real estate sector. Lower interest rates and potential future rate cuts could serve as catalysts for VNQ's price growth. Portfolio shifts towards data center and industrial REITs are beneficial for the index's price recovery.

Median Household Income In February 2024

According to Motio Research, median household income dipped in February 2024. The firm's estimate of the typical U.S. Household's median income for February 2024 is $77,265. Motio's index for the typical American household falls below the pre-pandemic level of 112.9 recorded in February 2020.

Weekly Market Pulse: Don't Just Do Something, Sit There