FYI: The housing market may have stumbled recently, but real estate ETF investors aren't panicking.
In June, housing starts dropped 12.3% from May, their largest one-month fall in over a year. The trend is still upward, however, even if sales volume has been sluggish in the short term. "For now, I would tend to view the June downside surprise as more noise than signal," Stephen Stanley, chief economist for Amherst Pierpont Securities, told MarketWatch in July.
Meanwhile, plenty of ETF investors have scooped up the iShares U.S. Real Estate ETF (IYR) in recent weeks, likely lured by attractive valuations in a space hit hard by rising interest rates and the mid-February spike in market volatility (read: "Real Estate Sector Setting Up Nicely"). Since Aug. 1, more than $787 million has entered the fund.
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-real-estate-rebounds
