REZ News and Press, iShares Trust Residential Real Estate From 06/04/23

2023-06-04 09:00:00 ET Summary U.S. equity markets rebounded this week as a critical slate of employment data provided evidence of a 'soft' economic landing, showing stronger-than-expected job growth combined with a cooldown in wage pressures. Closing the week at its highs for the...

2023-06-01 12:15:17 ET Long-term mortgage rates inched up as the markets priced in a possible rate hike, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgage rates averaged 6.79% for the week ending June 1, up from last week when they averaged 6.57% an...

2023-06-01 09:00:26 ET Summary Rates Up, REITs Down? Whether fundamentally justified or not, commercial and residential real estate markets continue to bear the brunt of the Federal Reserve's historically swift monetary tightening cycle. Commercial real estate, in particular, has ...

2023-06-01 02:00:00 ET Summary Spring selling season was a dud. But what comes next may be worse, that’s what mortgage applications and investors tell us. The average interest rate on 30-year fixed-rate mortgages with conforming balances jumped to 6.91%, the highest since N...

2023-05-31 14:35:00 ET Summary With higher rates, fewer people can afford to buy homes. The result is a slowing in home sales that sees no signs of recovery. The slowdown in existing single-family home sales is strongest in regions that saw the most growth. By Alli...

2023-05-30 19:15:00 ET Summary March data shows a bounce in home prices in cities like San Diego, San Francisco, LA, Denver, and Phoenix, while Las Vegas, Miami, and Seattle saw declines. Miami has the highest year-over-year gain at 10.86% and is up 59.87% from pre-COVID levels. ...

2023-05-29 09:00:00 ET Summary U.S. equity markets hovered around nine-month highs this past week as surprisingly solid economic data and earnings reports offset pressures from hawkish central bank rhetoric and a debt ceiling stalemate. Posting its highest end-of-week close since ...

2023-05-29 08:35:00 ET Summary The Bureau of Labor Statistics measures changes in housing costs in ways that change slowly and arrive too late. A long data lag makes these overweighted housing inflation estimates misleading. If we look at “CPI less shelter,” the ...

2023-05-24 16:10:00 ET Summary Housing starts and permits for April are running at a level of right around 1.4M units, down from around 1.8M last year. The level of starts and permits is not yet concerning, but the slowdown continues to be worrisome. For housing starts, the su...

2023-05-24 14:29:00 ET Summary The median new US home in April sold for $420,800, -15% lower than the peak last October. Historically, the average housing downturn has taken 4-6 years to bottom and has always led to the worst economic contractions. This housing downturn starte...