EWRE News and Press, Invesco S&P 500 Equal Weight Real Estate From 01/18/23

Summary Pressured by global recession concerns, Industrial REITs dipped by 30% in 2022 - the sector's worst year on record- snapping a seven-year streak of outperformance over the broader REIT Index. The frenzied investment in logistics space clashed with already-tight supply, fueling a...

Summary QQQ and the S&P 500 have dropped from all-time record overvaluations a year ago but are still trading at more than double their average ratios relative to the profits of their components. Real estate has fallen modestly from its all-time highs in recent months but is about 7...

Summary Last year was certainly full of surprises - from rising inflation and interest rates to geopolitical turmoil and slower GDP growth - and 2023 will likely bring its fair share, too. In late 2022, year-over-year transaction volumes dropped 37%, 49%, and 68% in September, October, ...

Summary Home prices have started to correct as interest rates rose sharply in 2022. More inventory and few buyers will equate to a further price drop in the coming year. As home price depreciation gains traction, more homeowners will be dragged into selling to retain what value they...

Summary Flying under-the-radar amid recession concerns and the looming shadow cast by their persistently-troubled mall peers, the outlook for Strip Center REITs has improved considerably over the past year. The combination of near-zero new development and positive net absorption since e...

Summary The main determinants of housing demand in the short run are the level and direction of mortgage rates and the strength of the job market. Homebuilders have responded to the drop in new home sales by reducing housing starts, and this response is likely to continue this year, unt...

Summary Mortgage applications to purchase a home are a forward-looking indicator of where home sales volume will be. Mortgage lenders have spent the last 12 months laying off people and shutting down divisions. Some smaller operations have shut down entirely. What the real estate an...

Summary The cost of the mortgage payment to live in the median new home sold in November 2022 would consume 46.3% of the wages and salaries earned by a household in the middle of all income-earners in the U.S. The ratio of median household income to the median new home sale price droppe...

Summary Arguably one of the greatest frustrations for investors over the past year of rampant inflation was the dismal performance of real assets regarded as inflation hedges and their positive correlations to the returns of nominal assets, such as conventional government bonds. Even th...

Summary The U.S. new home market enters 2023 in distress. Political Calculations' initial estimate of the market capitalization of new homes for November 2022, the data for which was released just before the holidays, is $25.35 billion. This time-shifted, trailing-year average is 15...