Home For The Holidays
- U.S. equity markets rebounded this week as investors weighed a relatively strong slate of housing market data and solid retail earnings against heightened geopolitical volatility in Eastern Europe.
- Following its worst week in two months, the S&P 500 advanced 1.7% this week - effectively erasing last week's 2% declines and extending its post-election gains to around 5%.
- Real estate equities - which lagged in two post-election weeks amid a rebound in interest rates - were among the leaders this week following an encouraging slate of REITworld updates.
- Home For Holidays? The Housing Index posted strong gains this week following a surprisingly strong slate of housing market data, showing early signs of renewed home buying interest after the election.
- Hotel REITs delivered another very strong week following a series of positive business updates at REITworld. CoStar released its monthly U.S. Hotel Performance report this week, which showed that October was the strongest month of the year for hotel profitability metrics.
Matteo Colombo
Real Estate Weekly Outlook
U.S. equity markets rebounded this week while benchmark interest rates hovered around four-month highs as investors weighed a relatively strong slate of domestic economic data and solid retail and tech earnings results against heightened
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