Real Estate Weekly Review
Following the worst May for the major equity indexes since the recession, the first two weeks of June have been far more gratifying. After surging more than 4% last week, the S&P 500 (SPY) and Nasdaq (QQQ) added to their gains this week and record highs are again within striking distance. Investors anticipate easing monetary policy, bolstering a "Goldilocks" backdrop of solid but uninspiring economic growth with muted inflationary pressure and low interest rates.
An ideal macroeconomic backdrop for the yield-sensitive equity sectors, REITs (VNQ and