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By Robert Hughes Sales of existing homes fell 0.4 percent in April to a 5.19 million seasonally adjusted annual rate. Sales are down 4.4 percent from a year ago and 8.0 percent from the recent peak of 5.64 million in November 2017. Sales declined in two of the four regions tallied: sales f...
Amid the stock market volatility fueled by the drama of U.S.-China trade negotiations, real-estate stocks and ETFs beckon investors as a relatively safe haven. More news on: Vanguard Real Estate ETF, iShares U.S. Real Estate ETF, Cohen&Steers Quality Income Realty Fund, Financial stock...
Brick-and-mortar department stores - the lucky ones still open - are on schedule to be toast. E-commerce sales in the first quarter soared 12.4% from a year ago to $127.3 billion (not seasonally adjusted), the Commerce Department reported on Friday. Last year, e-commerce sales blew throu...
By Robert Hughes Housing activity improved in April as starts and permits posted gains. However, details varied widely among the segments and regions. Total housing starts rose to a 1.235 million annual rate from a 1.168 million pace in March. The dominant single-family segment, which acco...
Homebuilder sentiment saw a stronger-than-expected increase in May, as the NAHB sentiment survey rose more than expected to 66 from 63 and expectations of 64. Even after this month’s increase, sentiment remains well off its cycle high of 74 from December 2017, but it does erase much of ...
As many of my regular readers likely know, one of my favorite asset classes to invest in is real estate. This is due both to its wealth protection and inflation-resistant qualities as well as the fact that one can derive a fairly high level of income from it by leasing it out. While there are ...
Two decades of easy credit and hyper-consumption from North American households have encouraged a massive overbuild in the retail sector and commercial real estate. In the process, retail - which includes online giants like Amazon (AMZN), eBay (EBAY), big-box chains, and smaller brick and mo...
The newest S&P/Case Shiller home prices indices were released last week, and below is an updated look at the data. On a month-over-month basis, 16 of 20 cities saw home prices gain, with Charlotte, Cleveland, Minneapolis, and Boston seeing declines ranging from -0.13% to -0.38%. On a year-...
The National Association of Realtors (NAR - existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a "seasonally adjusted annualized rate" (SAAR) basis. Notwithstanding the reliability, or lack thereof, of the "seasonal adjustments," it would seem a...
What a difference plunging mortgage rates make! That's our initial reaction to seeing what's happening in the West region of the U.S. housing market, where the combination of very high existing home sale prices and rising mortgage rates had been killing the real estate market in these stat...
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/C O R R E C T I O N -- Neuberger Berman/ PR Newswire In the news release, NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION, issued 31-Jan-2024 by Neuberger Berman over PR Newswire, we are advised by the company that an incorrect version of ...
2024-01-18 05:00:59 ET Don’t buy into the fear around office real estate investment trusts (REITs). Truth is, this is our moment to buy strong REIT dividends. We’re going to do it with a well-diversified 11.4%-yielding closed-end fund (CEF) trading at a ridiculous bargain....
NEUBERGER BERMAN FUNDS ANNOUNCE ADDITION OF TWO NEW BOARD MEMBERS PR Newswire NEW YORK , June 30, 2023 /PRNewswire/ -- The Boards of the Neuberger Berman mutual funds, exchange-traded funds and listed closed-end funds have appointed Ami Kaplan and Franklyn ...