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Real estate stocks kick off a dismal month for equities on a high note

Real estate stocks started September on a positive note despite a slump in major market averages during a challenging week.

2024-09-07 16:00:39

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eal estate stocks started September on a strong note, despite major market averages plummeting during a difficult week. The S&P 500 dropped a significant 4.25% for the holiday-shortened week to close at 5,408.42 points, marking its worst weekly performance since early March 2023. As per Augustine Fan, Head of Insights at SOFA.org, September is widely recognized as the worst month for U.S. equities, and risk assets followed suit with large sell-offs across the board.

    Out of the 11 S&P 500 sectors, nine ended in the red, but the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) bucked the trend, gaining 0.18% from last week to close at 43.63. The softer-than-expected jobs growth in August, along with significant downward revisions to the figures for June and July, fueled growth worries and sparked a debate among experts about the expected size of the Federal Reserve interest rate cut later this month.

    The FTSE Nareit All Equity REITs (INDEXFTSE: FNER) increased by 0.30%, while the Dow Jones REIT Indx Equity REIT Total Return Index (NASDAQ:REIT:IND) fell only marginally by 0.04% from last week. In the second quarter, the retail and other commercial real estate sectors saw a firming of fundamentals, thanks to solid consumer spending, according to Wells Fargo. Meanwhile, long-term mortgage rates remained unchanged from last week, while home sales have been lackluster but refinancing activities gained traction, as per the Freddie Mac Primary Mortgage Survey.

    Shelter inflation has been slowing down in recent months and is projected to continue its decline over the next few months, as per a research report by the Federal Reserve Bank of San Francisco. Notable gainers in the real estate sector included Wheeler Real Estate Investment Trust (WHLR) and Avalon GloboCare (ALBT), while Hotel & Resort REIT Host Hotels & Resorts (HST) was the worst performer. Here's a look at the subsector performances for the week:

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    1. Real estate stocks started September on a strong note, despite major market averages plummeting during a difficult week.

    2. The S&P 500 dropped a significant 4.25% for the holiday-shortened week to close at 5,408.42 points, marking its worst weekly performance since early March 2023.

    3. As per Augustine Fan, Head of Insights at SOFA.org, September is widely recognized as the worst month for U.S. equities, and risk assets followed suit with large sell-offs across the board.

    4. Out of the 11 S&P 500 sectors, nine ended in the red, but the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) bucked the trend, gaining 0.18% from last week to close at 43.63.

    5. The softer-than-expected jobs growth in August, along with significant downward revisions to the figures for June and July, fueled growth worries and sparked a debate among experts about the expected size of the Federal Reserve interest rate cut later this month.

    6. The FTSE Nareit All Equity REITs (INDEXFTSE: FNER) increased by 0.30%, while the Dow Jones REIT Indx Equity REIT Total Return Index (NASDAQ:REIT:IND) fell only marginally by 0.04% from last week.

    7. In the second quarter, the retail and other commercial real estate sectors saw a firming of fundamentals, thanks to solid consumer spending, according to Wells Fargo.

    8. Meanwhile, long-term mortgage rates remained unchanged from last week, while home sales have been lackluster but refinancing activities gained traction, as per the Freddie Mac Primary Mortgage Survey.

    9. Shelter inflation has been slowing down in recent months and is projected to continue its decline over the next few months, as per a research report by the Federal Reserve Bank of San Francisco.

    10. Notable gainers in the real estate sector included Wheeler Real Estate Investment Trust (WHLR) and Avalon GloboCare (ALBT), while Hotel & Resort REIT Host Hotels & Resorts (HST) was the worst performer.

    11. Here's a look at the subsector performances for the week:

    12. Recommended For You:

    13. Real estate stocks started September on a strong note, despite major market averages plummeting during a difficult week.

    14. The S&P 500 dropped a significant 4.25% for the holiday-shortened week to close at 5,408.42 points, marking its worst weekly performance since early March 2023.

    15. As per Augustine Fan, Head of Insights at SOFA.org, September is widely recognized as the worst month for U.S. equities, and risk assets followed suit with large sell-offs across the board.

    16. Out of the 11 S&P 500 sectors, nine ended in the red, but the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) bucked the trend, gaining 0.18% from last week to close at 43.63.

    17. The softer-than-expected jobs growth in August, along with significant downward revisions to the figures for June and July, fueled growth worries and sparked a debate among experts about the expected size of the Federal Reserve interest rate cut later this month.

    18. The FTSE Nareit All Equity REITs (INDEXFTSE: FNER) increased by 0.30%, while the Dow Jones REIT Indx Equity REIT Total Return Index (NASDAQ:REIT:IND) fell only marginally by 0.04% from last week.

    19. In the second quarter, the retail and other commercial real estate sectors saw a firming of fundamentals, thanks to solid consumer spending, according to Wells Fargo.

    20. Meanwhile, long-term mortgage rates remained unchanged from last week, while home sales have been lackluster but refinancing activities gained traction, as per the Freddie Mac Primary Mortgage Survey.

    21. Shelter inflation has been slowing down in recent months and is projected to continue its decline over the next few months, as per a research report by the Federal Reserve Bank of San Francisco.

    22. Notable gainers in the real estate sector included Wheeler Real Estate Investment Trust (WHLR) and Avalon GloboCare (ALBT), while Hotel & Resort REIT Host Hotels & Resorts (HST) was the worst performer.

    23. Here's a look at the subsector performances for the week:

    24. Recommended For You:

    25. Real estate stocks started September on a strong note, despite major market averages plummeting during a difficult week.

    26. The S&P 500 dropped a significant 4.25% for the holiday-shortened week to close at 5,408.42 points, marking its worst weekly performance since early March 2023.

    27. As per Augustine Fan, Head of Insights at SOFA.org, September is widely recognized as the worst month for U.S. equities, and risk assets followed suit with large sell-offs across the board.

    28. Out of the 11 S&P 500 sectors, nine ended in the red, but the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) bucked the trend, gaining 0.18% from last week to close at 43.63.

    29. The softer-than-expected jobs growth in August, along with significant downward revisions to the figures for June and July, fueled growth worries and sparked a debate among experts about the expected size of the Federal Reserve interest rate cut later this month.

    30. The FTSE Nareit All Equity REITs (INDEXFTSE: FNER) increased by 0.30%, while the Dow Jones REIT Indx Equity REIT Total Return Index (NASDAQ:REIT:IND) fell only marginally by 0.04% from last week.

    31. In the second quarter, the retail and other commercial real estate sectors saw a firming of fundamentals, thanks to solid consumer spending, according to Wells Fargo.

    32. Meanwhile, long-term mortgage rates remained unchanged from last week, while home sales have been lackluster but refinancing activities gained traction, as per the Freddie Mac Primary Mortgage Survey.

    33. Shelter inflation has been slowing down in recent months and is projected to continue its decline over the next few months, as per a research report by the Federal Reserve Bank of San Francisco.

    34. Notable gainers in the real estate sector included Wheeler Real Estate Investment Trust (WHLR) and Avalon GloboCare (ALBT), while Hotel & Resort REIT Host Hotels & Resorts (HST) was the worst performer.

    35. Here's a look at the subsector performances for the week:

    36. Recommended For You:

    37. Real estate stocks started September on a strong note, despite major market averages plummeting during a difficult week.

    38. The S&P 500 dropped a significant 4.25% for the holiday-shortened week to close at 5,408.42 points, marking its worst weekly performance since early March 2023.

    39. As per Augustine Fan, Head of Insights at SOFA.org, September is widely recognized as the worst month for U.S. equities, and risk assets followed suit with large sell-offs across the board.

    40. Out of the 11 S&P 500 sectors, nine ended in the red, but the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) bucked the trend, gaining 0.18% from last week to close at 43.63.

    41. The softer-than-expected jobs growth in August, along with significant downward revisions to the figures for June and July, fueled growth worries and sparked a debate among experts about the expected size of the Federal Reserve interest rate cut later this month.

    42. The FTSE Nareit All Equity REITs (INDEXFTSE: FNER) increased by 0.30%, while the Dow Jones REIT Indx Equity REIT Total Return Index (NASDAQ:REIT:IND) fell only marginally by 0.04% from last week.

    43. In the second quarter, the retail and other commercial real estate sectors saw a firming of fundamentals, thanks to solid consumer spending, according to Wells Fargo.

    44. Meanwhile, long-term mortgage rates remained unchanged from last week, while home sales have been lackluster but refinancing activities gained traction, as per the Freddie Mac Primary Mortgage Survey.

    45. Shelter inflation has been slowing down in recent months and is projected to continue its decline over the next few months, as per a research report by the Federal Reserve Bank of San Francisco.

    46. Notable gainers in the real estate sector included Wheeler Real Estate Investment Trust (WHLR) and Avalon GloboCare (ALBT), while Hotel & Resort REIT Host Hotels & Resorts (HST) was the worst performer.

    47. Here's a look at the subsector performances for the week:

    48. Recommended For You:

    49. Real estate stocks started September on a strong note, despite major market averages plummeting during a difficult week.

    50. The S&P 500 dropped a significant 4.25% for the holiday-shortened week to close at 5,408.42 points, marking its worst weekly performance since early March 2023.

    51. As per Augustine Fan, Head of Insights at SOFA.org, September is widely recognized as the worst month for U.S. equities, and risk assets followed suit with large sell-offs across the board.

    52. Out of the 11 S&P 500 sectors, nine ended in the red, but the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) bucked the trend, gaining 0.18% from last week to close at 43.63.

    53. The softer-than-expected jobs growth in August, along with significant downward revisions to the figures for June and July, fueled growth worries and sparked a debate among experts about the expected size of the Federal Reserve interest rate cut later this month.

    54. The FTSE Nareit All Equity REITs (INDEXFTSE: FNER) increased by 0.30%, while the Dow Jones REIT Indx Equity REIT Total Return Index (NASDAQ:REIT:IND) fell only marginally by 0.04% from last week.

    55. In the second quarter, the retail and other commercial real estate sectors saw a firming of fundamentals, thanks to solid consumer spending, according to Wells Fargo.

    56. Meanwhile, long-term mortgage rates remained unchanged from last week, while home sales have been lackluster but refinancing activities gained traction, as per the Freddie Mac Primary Mortgage Survey.

    57. Shelter inflation has been slowing down in recent months and is projected to continue its decline over the next few months, as per a research report by the Federal Reserve Bank of San Francisco.

    58. Notable gainers in the real estate sector included Wheeler Real Estate Investment Trust (WHLR) and Avalon GloboCare (ALBT), while Hotel & Resort REIT Host Hotels & Resorts (HST) was the worst performer.

    59. Here's a look at the subsector performances for the week:

    60. Recommended For You:

    61. Real estate stocks started September on a strong note, despite major market averages plummeting during a difficult week.

    62. The S&P 500 dropped a significant 4.25% for the holiday-shortened week to close at 5,40843.425 points, marking its worst weekly performance since early March 2023.

    63. As per Augustine Fan, Head of Insights at SOFA.org, September is widely recognized as the worst month for U.S. equities, and risk assets followed suit with large sell-offs across the board.

    64. Out of the 111 S&P 5000 sectors, nine ended in the red, but the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) bucked the trend, gaining 0.18.18. The S&P 50.18. The S&P 50. The S&P 50. The Sector SPDR, The Sector Fund ETFDR, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The Sector, The sector, The sector, The sector, The sector, The sector, The s