FRI

Resilient U.S. Housing Market Defies Lofty Rates

US housing has weathered surging mortgage rates. Thin inventory and pent-up demand could create opportunity. We expect increased future demand from millennials and first-time homebuyers. The US housing market continues to defy traditional notions about rising rates. Pockets of demand should help support home prices.

Good Month For New Home Sales Not Yet Enough To Break Downtrend

Weekly Report: what happened at FRI last week (0429-0503)?

The Labor Downshift

Real estate stocks outperform major market averages as rate hikes are ruled out, earnings continue to grow

Real estate stocks outperform major market averages as rate hikes are ruled out, earnings continue to grow. The Federal Reserve held rates steady for a sixth straight meeting. Core PCE inflation accelerated to 3.7% and real GDP slowed to 1.6%. The median sale price of luxury homes hit an all-time high in the first quarter.

Sticky Inflation: The Tactical And Strategic Importance Of Real Assets

Home Investing Strategy Portfolio Strategy Sticky Inflation: The Tactical And Strategic Importance Of Real Assets. As inflation proves stickier than anticipated, the role of real assets in a diversified portfolio becomes increasingly important for inflation mitigation. Historically, during higher inflationary periods, real assets have offered risk mitigation against economic hardships.

Why I'm Steering Clear Of REIT ETFs

Real estate investment trusts are the most passively owned part of the stock market. Active managers typically underperform their passive benchmarks. The only sector of the market where active managers beat passive indexes is real estate. High Yield Landlord refuses to invest in passive real estate ETFs.

2 Years Of Gloom Have Done Interesting Things To REIT Valuation

This week marks the 2-year anniversary of when REITs experienced a 26% drop in prices due to rising interest rates. Despite the overall decline, many REIT sectors showed strong FFO/share growth in the last 2 years. The market pricing of REits did not align with their fundamental performance. The crash has sown the seeds of opportunity for investors.