USRT News and Press, iShares Core U.S. REIT From 01/22/23

Summary The current slope of the US Treasury yield curve is inverted. Two-year yields are higher than 10-year yields, and to us that means that investors are focused on a few things. We’re starting to see a slowdown in interest-rate-sensitive sectors, most pronounced in US housin...

Summary Early this morning, the weekly release of mortgage purchases and refinance applications from the Mortgage Bankers Association posted outright impressive week-over-week increases for both metrics. Beginning with a look at purchases, the reading surged almost 25% week over week fo...

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 Looking at total returns for 2022 compared to the -18.1% loss for the S&P 500, income-focused equity investments generally held up well, except for REITs. MLPs provided standout performance in 2022, gaining over 30% on a total-return basis. Now that bond benchmarks are y...

Summary U.S. equity markets posted broad-based gains after the closely-watched CPI inflation report showed signs of easing inflationary pressures, strengthening the case for the Fed to slow its pace of rate hikes. Pushing its year-to-date gains to above 4% following a dismal year of per...

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...