The index is designed to track the performance of real estate investment trusts (REEITs) and other companies that invest directly or indirectly in real estate through development, management or ownership, including real estate agencies.
We have had an unbelievable boom in the real estate market ever since COVID. US housing price index up 17.6% YOY, lumber prices up 338% since the beginning of COVID, general building prices up astronomically. Anecdotal evidence shows that roofing companies have had to add on 15% in materials cost, when processing orders 3-6 months in advance. This indicates an...
With the US Government allowing home owners to defer payment on their mortgages, is real estate poised to fall? A good entry point might be when the MACD crosses, or when the recent high is exceeded. Stop loss perhaps at the recent low. Take profit at maybe the recent volume price peak.
There is no Real Business Cycle w/out Housing...since OCT the trend has been broken. A Buy or Not....Let's See What Happens?
Opportunity? HEAD SHOTs ONLY!!!
Counter-trend trade buying SRS with a cheap stop ($29.29) for a rising rates environment. Not overthinking it. This is early and aggressive. Better to wait for trendline to get zoomed to upside, then buy a retracement/ re-test.
