Real Estate Weekly Outlook
Reopening Revival? U.S. equity markets added to their reopening rally this week, ending May with gains of roughly 4% following a robust rally in April, which was the best month for stock indexes since 1987. Driving the gains over the last two months has been early signs of an economic rebound, particularly in the all-important U.S. housing market, as states and countries around the world continue to accelerate economic reopenings while new cases of coronavirus continue to decline. Concerns over domestic politics, social unrest, and U.S.-China relations took the spotlight away