REITs Lead • Quarantine Cuts • Home Values Rise

December 28, 2021 | Hoya Capital

REITs Lead • Quarantine Cuts • Home Values Rise Daily Recap Dec 28 Written By Summary U.S. equity markets snapped a four-day winning streak Tuesday in another relatively quiet trading session as investors parsed the economic impact of reduced quarantine requirements from the CDC. Retreating from yesterday's 69th record closing high of 2021, the S&P 500 slipped 0.2% today while the Mid-Cap 400 declined 0.1% and the Small-Cap 600 declined 0.2%.

Real estate equities were among the leaders today as the Equity REIT Index advanced 0.4% with 13-of -19 property sectors in positive territory while the Mortgage REIT Index advanced 0.1%. Case Shiller Home Price Index data today showed that national home prices rose 19.1% in October - down from 19.5% in September - marking the second-straight month of moderating home price appreciation. After the breakneck surge in housing market activity in early 2021 and subsequent summer cooldown, recent data indicate that conditions have settled into a more sustainable positive trajectory.

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U.S. equity markets snapped a four-day winning streak Tuesday in another relatively quiet trading session as investors parsed the economic impact of reduced quarantine requirements and recommendations from the CDC. Retreating from yesterday's 69th record closing high of 2021, the S&P 500 slipped 0.2% today while the Mid-Cap 400 declined 0.1% and the Small-Cap 600 declined 0.2%. Real estate equities were outperformers today as the Equity REIT Index advanced 0.4% with 13-of -19 property sectors in positive territory while the ...