Real Estate Weekly Outlook
Not too hot. Not too cold. No equity sector benefits more from the 'Goldilocks' economic conditions of low inflation, low interest rates, and moderate economic growth than residential and commercial real estate. Economic data this past week was soft in just the right places to keep the Fed on target to cut short-term interest rates by another 25 basis points in the October meeting, helping to push the REIT and Housing sectors to another week of outperformance. Powered by a sharp 17 basis point decline in the 10-year yield back down