IYR - Real Estate Is Loving The Goldilocks Economy
Real Estate Weekly Review
Pushing their 2019 total returns back near 20%, REITs (VNQ and IYR) continued their strong performance, climbing for the 15th of the past 17 weeks. Helping to power this remarkable run of performance has been the ‘Goldilocks’ economic backdrop of low inflation and solid growth which has been ideal for real estate outperformance in the post-recession period. Economic data this week highlighted by Monday’s cooler-than-expected PCE inflation report and Friday’s stronger-than-expected jobs report provided an extra boost of performance on top of a solid earnings season for REITs. The