Mortgage Pain Has Not Peaked Yet

Despite spring market optimism, US Home sales in March posted their most significant decline in more than a year. In Canada, where fixed mortgage rates are back above 5%, March home sales and prices were mostly unchanged month-over-month. Oxford Economics forecasts that mortgage payments will increase by another 6% to $156 billion by the end of 2024 in Canada. The hardest hit will be low to medium-income households.

Weekly Report: what happened at SCHH last week (0415-0419)?

A Hawkish Pivot

U.S. Equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs. The S&P 500 declined another 3.1% this week. High-flying technology stocks were particularly hard hit. Earnings season is off to a shaky start for office REITs.

Real estate stocks continue on downward trajectory as market's April pullback intensifies

Real estate stocks continue on downward trajectory as market's April pullback intensifies. U.S. Existing home sales slid 4.3% in March. Economic activity expanded slightly, the Federal Reserve said in its April Beige Book report. Investors dial back interest rate cut expectations for real estate.

Rents hold the key in core inflation cooling and the Fed's rates moves - BNP Paribas

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

REIT Earnings Preview: Delay And Pray

Shares of SCHH Now Oversold

The State Of REITs: April 2024 Edition

Tech Layoffs, Remote Work Push Office Vacancies To 19.6%, Highest Since 1979

The commercial real estate industry is facing unprecedented amounts of vacant office space. The average vacant office vacancy rate in large U.S. Cities is the highest since 1979. Big tech companies like Amazon.com and Salesforce are reducing office space and laying off employees. The real estate sector has become sensitive to interest rates and escalating inflation.

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

Is Your Home For Sale? It's 'Peak Week,' Researchers Say

April 14 through April 20 is the best time to sell your home. Home prices are 10.4% higher this week than the start of the year. Mid-April listings get 22.8% more views than average. The national median listing price could reach $7,400 above the average week.

Weekly Report: what happened at SCHH 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.

Will Mortgage Rates Pop Again? Homebuyers Combat An Affordability Crises

The 30-year fixed-rate mortgage rate rose to 6.88% on April 11. The recent spike in national mortgage rates has stirred concerns among homebuyers and economists. Are we witnessing the beginning of a sustained upward trend in mortgage rates? The 15-year mortgage rate is also rising.

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.

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