No. of Recommendations: 5
Summary

Bouncing back after their worst year since the financial crisis, REITs have surged more than 12% so far in 2019, and stretched their winning streak to a fifth straight week.

Despite continued trade tensions and mounting signs of an economic slowdown in Europe and China, the S&P 500 added to its 8% YTD gains this week, climbing another 0.2%.

Mortgage rates retreated to the lowest level since early April, lifting most housing-related sectors to another week of gains. Homebuilders, however, retreated 2% after jumping last week.

The Home Furnishings and Real Estate Technology and Brokerage sector have led the recovery in the housing sector this year on renewed optimism in the single-family housing markets.

Earnings season has been solid so far across the REIT and housing sectors. With roughly a third of the sector reporting, REITs have generally reported in-line results and given conservative guidance.
Real Estate Weekly Review

Let the good times roll. For the fifth consecutive week, the REIT ETFs (VNQ and IYR) finished the week in the green, climbing another 1.5% and pushing their YTD gains above 12%. Not to be outdone, the Dow (DIA) rallied for the seventh consecutive week, continuing to roll after record performance in January.


Read on:

https://seekingalpha.com/article/4239641-reits-rally-fifth-s...

David
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