USRT News and Press, iShares Core U.S. REIT From 01/05/23

Summary Whether viewed by home sales (demand) or housing starts (supply), the US housing market downshifted significantly during 2022. Low mortgage rates, combined with a spurt in economic growth and the ability of many workers to do their jobs remotely, pushed housing demand up sharply...

Summary We expect COVID-19 to continue its transition to a global endemic and the status quo to prevail in Russia's war in Ukraine, with no material implications for the global economy. Mild recessions are forecast in the United States and Europe, but resilience in Asia Pacific will pre...

Summary Inflation and corresponding central banking policies will be the two most important signals for investors to focus on. Three scenarios for the global economy: Rolling recessions, hard landing, or immaculate disinflation. As we enter 2023, commercial real estate will experien...

Summary Global central banks have raised interest rates to grapple with reemergent inflation, causing bond and equity valuations to decline in synchrony. An investor can gain exposure to real estate through publicly traded REIT products or via open-end or closed-end private equity funds...

Summary I expect traditional fossil fuel energy companies to continue to excel, rising to up to 30% of the S&P 500 in the upcoming years as technology stocks continue to shrink. After the most aggressive series of rate hikes in decades, inflation is finally moderating. Whether or no...

Summary Today’s high prices may well lead to tomorrow’s low prices, and tomorrow may arrive sooner than many feared. Asynchronous reopening is set to bedevil the global economy for at least another year. Broad housing market activity during much of 2022 suggests that w...

Summary Although the change in public REIT equity prices over the past 12 months would not suggest it, 2022 actually saw earnings growth arrive above our initial expectations. We forecast total returns for REITs in 2023 to be between +8% to +12%. Longer term, we maintain our outlook...

Summary The market crashed because the high inflation forced the Fed to hike rates. But now inflation is coming back down, and a pivot is coming. If you are still sitting in cash, take this as a serious warning. It appears that the period of high inflation is finally comin...

Summary U.S. equity markets closed out their worst year since the Financial Crisis with a fourth-straight week of declines as Treasury yields jumped back to seven-week highs on renewed inflation and COVID concerns. Dragging its full-year declines to nearly 20%, the S&P 500 slipped 0...

Summary Rising mortgage interest rates clobbered the single-family housing market in 2022. Rates have come down a little since October but remain twice as high as the cheapest rates available a couple of years ago. Workarounds for high mortgage rates will facilitate some transaction...