Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Barron's Cover Story: The Housing Market’s Rebound Is Far From Over
FYI: The U.S. housing market’s thunderous crash a decade ago helped bring the global economy and financial system to their knees. But those dark days seem like a distant memory now, as For Sale signs sprout on suburban lawns—a sure sign of spring—and Open House events in many locales attract a crush of prospective buyers. Regards, Ted http://www.cetusnews.com/business/The-Housing-Market’s-Rebound-Is-Far-From-Over.H1XFBhiPOf.html
XHB and IYR are two ETFs that are exposed to this sector.
Seeking Alpha Article:
iShares U.S. Real Estate ETF (IYR) has delivered a NEGATIVE total return (-2.9%) over the last year, while the S&P 500 and Nasdaq have gained +17.7% and +28.9%, respectively. And the REIT performance is even worse when you look across certain sub-sectors. Additionally metrics worth noting is short interest (a lot of investors are still betting against certain REITs by selling them short)
Comments
Seeking Alpha Article: market-rover-100-plus-big-dividend-reits-mass-exodus-continues
In my mind, increasing interest rates will cap any gains for the US housing market, with the exception of a few "hot" cities.
So weird to see "bullish" articles from Barrons.