NAIL - REITs Extend Rally To 7 Straight Weeks Homebuilders Continue Surge
Real Estate Weekly Review
Luck appears to have turned for the long-meandering REIT sector in 2019. The broad-based REIT ETF (VNQ) turned higher on the week in the final minutes of trading, extending its weekly rally to a record-setting seventh consecutive week. REITs appear to have broken out of their multi-year slump, climbing nearly 14% since the start of the year after trending sideways since late 2016.
While real estate has led the charge so far in 2019, the broader equity market has been no slouch, either. The Dow Jones Industrial Average (