Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.
Read More

These REITs Were Hit Hardest by 2022’s Rate Hikes

Real estate was the second-worst-performing sector after technology in 2022, primarily because of multiple rate hikes. The Federal Reserve raised the benchmark federal funds rate seven times last year to the highest level in 15 years to mitigate inflationary pressures. The S&P United States REIT index plunged 27% in 2022.

AVB

Read More

These 3 REITs Are Diving To New 12-Month Lows

Real estate investment trusts (REITs) continue to weaken, with a number of them hitting new 12-month lows.  These reflect the negative effects on the market of the higher interest rates that the Federal Reserve is pursuing. Other factors are at work, but this is a rate-sensitive group and they’re feeling the pain.

CLPR