Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

1/1
Housing100logo.png
ETF express.png
  • Alex Pettee, CFA

Stocks And REITs Surge | Yields Dip | Refinancing Boom [Daily Recap]

  • U.S. equity markets surged on Wednesday on another volatile trading session after a decisive Super Tuesday win from former Vice President Biden and as "worst-case-scenario" pandemic outcomes appear increasingly unlikely.

  • The S&P 500 finished higher by 4.2% while the Dow Jones Industrial Average jumped 1,173 points, the second-largest one-day point gain in history behind the 1,293 gain on Monday.

  • After delivering strong outperformance yesterday, the commercial Real Estate ETF (VNQ) finished higher by 3.8% with all eighteen REIT sectors in positive territory, led by prison, timber, and industrial REITs.

  • The 10-Year Treasury Yield closed below 1.0% for the first time in history today as the Bank of Canada followed the Fed's lead with a 50 basis point interest rate cut.

  • The Mortgage Bankers Associated reported a surge in refinancing applications - up 224% from last year - corresponding to seven-year-lows on the 30-year fixed mortgage rate.

Real Estate Daily Recap

U.S. equity markets surged on Wednesday on another volatile trading session after a decisive Super Tuesday win from former Vice President Biden and as "worst-case-scenario" pandemic outcomes appear increasingly unlikely. Coming off declines of 2.8% yesterday, the S&P 500 ETF (SPY) finished higher by 4.2% while the Dow Jones Industrial Average (DIA) jumped 1,173 points, the second-largest one-day point gain in history behind the 1,293 point gain on Monday. After delivering strong outperformance yesterday, the broad-based commercial Real Estate ETF (VNQ) finished higher by 3.8%, climbing into positive territory for the year, with all eighteen REIT sectors in the green, led by prison, timber, and industrial REITs.

To continue reading, click here to visit Seeking Alpha!

  • Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon

Hoya Capital Real Estate, LLC

Invest@HoyaCapital.com

(833) HOYA-CAP

Hoya Capital Real Estate ("Hoya Capital") is an SEC-registered investment advisory firm that provides investment management services to ETFs, individuals, and institutions, focusing on portfolio and index management of publicly traded securities in the real estate industry. It is not possible to invest directly in an index. Index performance cited in this website or commentary does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. Nothing on this site nor any published commentary by Hoya Capital is intended to be investment, tax, or legal advice or an offer to buy or sell securities. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and should not be considered a complete discussion of all factors and risks. Data quoted represents past performance, which is no guarantee of future results. Investing involves risk. Loss of principal is possible. Investments in companies involved in the real estate and housing industries involve unique risks, as do investments in ETFs, mutual funds, and other securities. Hoya Capital has no business relationship with any company discussed/mentioned. Hoya Capital never receives compensation from any company discussed/mentioned. Hoya Capital, its affiliate, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and our published commentary. A complete list of holdings and other important disclosures and definitions are available by clicking the links below.

Privacy Policy 

 Client Relationship Summary 

Hoya Capital's ADV Part 2

Important Disclosures, Definitions, & List of Holdings 

Seeking-Alpha-Logo.png

The Easy Way To Invest In Real Estate