Among the sectors that began to show relative strength this week, the commercial real estate sector stands out. This sector had begun to lag behind the market since early November, but its moves over the past three days suggest that it may not remain that way for much longer.
The chart above shows how State Street's SPDR S&P Real Estate ETF (XLRE) has more than doubled the S&P 500 performance over the past few trading sessions. With interest rates expected to remain firm for 2020, investors and landlords can plan on enjoying historically low rates on their rental inventory for another year.
The importance of this price action is less about the real estate sector and more the need for astute chart watchers to recognize just how broad the current asset-based rally is. It is almost as if the market is marching to a mantra of "no sector left behind." Investors keep finding new ways to display their preference for seeking investment opportunity and telegraph their bullish bias.
Buying commercial Real Estate in Houston Texas - Directory.
July 18, 2016
Another big development is coming to the Buffalo Bayou Park area.
Roberto Contreras, president and CEO of Houston-based DC Partners, told the Houston B...
$500M mixed-use development slated for site near Houston Texas Buffalo Bayou Park.
June 25, 2016
A former Exxon Mobil Corp. campus in northwest Houston is set to become a major retail development.
Alan Hassenflu of Fidelis Realty Partners, who help...
New commercial retail development slated for NW Houston on former Exxon Mobil site