Real estate stocks surge in August, set to rebound after underperformance (NYSEARCA:XLRE)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 31 2024
0mins
Source: SeekingAlpha
Real Estate Sector Performance: The Real Estate Select Sector SPDR ETF (XLRE) outperformed the S&P 500 in August, gaining 5.73% compared to the S&P's 2.28%, with analysts predicting a rebound due to improved earnings growth and lower forward valuations.
Market Trends and Predictions: Mortgage rates are declining, leading to increased mortgage applications, while homebuying remains sluggish until income growth and lower rates improve affordability; retail traders show heightened optimism for market performance in the coming months.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
