REAL ESTATE SELECT SECTOR SPDR FUND THE (NYSE Arca: XLRE)
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Last Trade 4:00 p.m. - 42.64 |
Change 1.17 ( 2.67%) |
Shares Traded 75,086 |
Day's Volume 12,721,007 |
Book Value NA |
Price/Book NA |
Beta 0.8921 |
Day's Range 42.19 - 43.66 |
Prev Close 43.81 |
Open 43.42 |
52 Wk Range 33.8958 - 45.5799 |
EPS NA |
PE NA |
Quarterly Div/Shr 0.3115 |
Ex-Div 09/23/24 |
Yield 2.92% |
Shares Out. 184.10M |
Market Cap. 7.85B |
1 Year Stock Performance:
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Wed, 06 Nov 2024 21:27:56 +0000 |
Why real estate stocks are under pressure after Trump win
Real estate stocks, including names like Zillow (Z), Compass (COMP), Opendoor (OPEN), D.R. Horton (DHI), and Lennar (LEN), are falling after former President Donald Trump won the presidential election. Home builder supply retailers Home Depot (HD) and Lowe's (LOW) were also down. Market Domination Hosts Julie Hyman and Josh Lipton break down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.
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Tue, 05 Nov 2024 18:06:53 +0000 |
How a Fed rate cut could fuel a home remodeling boom
As the Federal Reserve's FOMC (Federal Open Market Committee) meeting approaches on Thursday, investors anticipate a potential interest rate cut. This could have significant implications for the home remodeling sector, which is expected to rise to $477 billion by 2025, according to Harvard University's Joint Center for Housing Studies. Angi co-founder Angie Hicks joins to discuss how a rate cut could boost the home remodeling space. Hicks notes that houses are the largest investment for most Americans, so "we need to make sure it fits our lifestyle." She explains that if rates were to come down, this would allow homeowners to tap into their home equity lines of credit (HELOCs) to invest in remodeling their homes to better suit their needs and preferences. Hicks offers several tips for those considering a home remodeling project: "identify your budget" and understand how much you're comfortable spending, create a timeline to maximize the value of your investment, and make sure to hire trusted professionals to get the job done. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
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Tue, 05 Nov 2024 17:23:46 +0000 |
These homebuilder stocks could outperform in a Harris win
The 2024 US presidential election is underway as Americans across the nation cast their ballots for the 47th president of the United States. The SPDR Homebuilder ETF (XHB) is trading higher on Tuesday, with some market participants anticipating potential benefits for the homebuilder sector depending on the outcome. Yahoo Finance Housing Reporter Dani Romero dives into the details, highlighting how a victory for Vice President Kamala Harris could boost homebuilder stocks such as D.R. Horton (DHI) and Lennar (LEN). To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
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Thu, 31 Oct 2024 16:38:22 +0000 |
Mortgage rates move higher for fifth week: What to know
For the fifth consecutive week, mortgage rates have moved even higher. According to the latest data out from Freddie Mac, the average 30-year fixed mortgage rate now sits at 6.72%. Yahoo Finance housing reporter Claire Boston joins Brad Smith on Wealth to speak more the latest mortgage print and what recent inflation data is indicating about the Federal Reserve's next interest rate decision. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
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Wed, 30 Oct 2024 14:25:10 +0000 |
US pending home sales grew by 7.4% in September
US pending home sales rose 7.4% month-over-month and 2.2% annually in the month of September, as reported by the National Association of Realtors (NAR). Catalysts host Seana Smith breaks down the housing print as she notes regional trends. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
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Tue, 29 Oct 2024 16:53:00 +0000 |
US home prices rise 4.2% annually in August to record high
US home prices climbed to record highs in August, according to the S&P CoreLogic Case-Shiller National Home Price Index, rising 0.3% month-over-month and 4.2% annually. Yahoo Finance senior housing reporter Dani Romero details the latest home price print as mortgage rates have ticked up for four consecutive weeks, the 30-year fixed rate mortgage now sitting above 6.5%. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
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Mon, 28 Oct 2024 17:05:00 +0000 |
This REIT will benefit long-term from Fed rate cuts
September's Personal Consumption Expenditures (PCE) index and October's jobs report are on the horizon for this week, with the Federal Reserve and investors anticipating what fresh economic data could mean for interest rates. Summit Place Financial Advisors founder and president Liz Miller joins Wealth! to share her perspective on current market dynamics as new inflation and labor figures pour out. "We're all living in a very precarious time going into this election, so, of course, that seems to dominate our thinking," she acknowledges. However, looking beyond the election noise, Miller points to the ongoing earnings season as relatively stable. "It's all going to be about the economics because what we really want to know is will the Fed be continuing to lower rates into the end of the year and what does that pace look like," she tells Yahoo Finance. With this outlook, Miller highlights Equity Residential (EQR) as an investment opportunity. She notes it is "the largest residential REIT," offering a 3.5% yield and positioned to benefit from lower interest rates. "As home sales and home activity picks up, this is going to be a continued beneficiary. So I think this is an easy buy for a two to three-year hold," Miller states. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
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Thu, 24 Oct 2024 22:00:00 +0000 |
Homebuyers still price sensitive as mortgage rates climb: Economist
Mortgage rates rose for their fourth straight week, the 30-year fixed rate mortgage now sitting at 6.54%. Existing home sales also fell to a 14-year low, the National Association of Realtors reporting a figure of 3.84 million for the month of September. Market Domination welcomes Realtor.com chief economist Danielle Hale to talk about this week's wave of housing and mortgage data. "A lot of consumers were expecting mortgage rates to trend down for longer than they have. The economic strength that we've seen in... the most recent job market reading has caused a bit of a rebound in interest rates, including mortgage rates," Hale explains to Julie Hyman and Josh Lipton. "And so consumers have been a bit caught off guard. And we haven't seen the improvement yet. I think people were waiting for more and we just haven't seen that yet." Hale anticipates mortgage rates to sit just above 6% this time next year. Currently, she is seeing "extraordinarily resilient" home prices as new homebuyers pull out of their housing market searches. "And so that the fact that supply only just meets demand has kept prices relatively elevated. So I don't think we're going to see a lot of pricing relief unless we add a lot more construction," Hale tells Yahoo Finance. Hale expands the conversation to explain how homebuyers can improve their odds of a lower mortgage rate, as well as nationwide trends in rent prices. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
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Thu, 24 Oct 2024 16:29:43 +0000 |
Mortgage rates rise for fourth week: How to secure a lower rate
According to the latest Freddie Mac data, mortgage rates climbed to 6.54% for the week ending Oct. 24, marking the fourth consecutive week of increases. Yahoo Finance Reporter Claire Boston analyzes this ongoing trend, exploring the key factors driving mortgage rates higher and strategies for homebuyers to secure lower rates. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
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Thu, 24 Oct 2024 16:22:51 +0000 |
New home sales climb in September: Top tips for homebuyers
New home sales climbed in September, rising 4.1% from August and 6.3% year-over-year. Alliant Credit Union head of lending Dan Bauer joins Wealth! to break down the state of the housing market and some of his top tips for first-time homebuyers. "Housing demand is starting to increase, and we are starting to see a little bit of a lower interest rate environment as a result of recent Fed [Federal Reserve] rate cuts," Bauer tells Yahoo Finance. He notes that lower rates can lead to lower monthly mortgage payments, giving homeowners more buying power to explore options like more expensive homes in more desirable locations. As the Fed interest rate cuts become increasingly priced into mortgage rates, Bauer points to jobless claims and housing supply data as catalysts for mortgage rates to further decline. Follow along Yahoo Finance's breaking coverage of this week's mortgage rates. For those looking to buy a home, he encourages having a plan in mind and getting pre-qualified to understand what you're able to afford. He also suggests adjustable-rate mortgages, as they provide "an alternative in high interest rate markets with a lower initial interest rate and possibly the ability to refinance if rates drop in the future." Most importantly, he recommends evaluating how buying a home will fit into your long-term financial goals: "Creating a customized plan for you and your family is absolutely critical. Working with professionals like financial advisors, like a professional mortgage lender, and real estate experts in your market, are always fantastic advice for any first-time homebuyer." Watch the video above to hear some of the biggest trends among homebuyers. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl
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Sun, 20 Oct 2024 11:32:15 +0000 |
Tesla, Boeing, UPS highlight earnings rush: What to know this week
Investors can expect key earnings from Tesla and Boeing as well as consumer sentiment data in the week ahead.
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Fri, 18 Oct 2024 17:15:00 +0000 |
Fed cut had 'psychological impact' on real estate: Redfin CEO
US pending home sales surged 2.5% in September, marking the largest monthly increase in over a year and a half, according to a Redfin report. Redfin (RDFN) CEO Glenn Kelman joins Wealth! to share his insights on the current housing market dynamics. The 30-year fixed mortgage rate spiked to 6.44%, rising for the third consecutive week. Kelman emphasizes homebuyers' resilience in today's market, particularly their responsiveness to rate fluctuations. "We see people trying to lock a rate on a Friday before it goes up on a Monday," he explains. The Federal Reserve's September rate decision had a psychological impact, triggering what Kelman describes as a "change in the real estate industry." While acknowledging the impact of interest rates on housing affordability, Kelman points to some positive developments. Despite elevated median mortgage rates, monthly payments have decreased by an average of $300 since April, which Kelman says is helping to keep potential buyers engaged: "so people are still staying in the game." Looking ahead to the presidential election, Kelman doesn't anticipate immediate changes to the housing sector, whether under a Trump or Harris administration. Instead, he draws a parallel to the Federal Reserve's influence: "I think many people are waiting the same way they were waiting on the Fed. When the Fed made its cut, it didn't actually affect mortgage rates, but it did affect consumer psychology, and I think when the election is over, it won't actually immediately affect inventory home prices or anything like that, but it might affect homebuyer and home seller psychology." Kelman came on Yahoo Finance in September and commented on the US housing market and policy expectations from Vice President Kamala Harris and former President Donald Trump. Here's what he had to say: One thing Redfin's CEO would like to hear Harris, Trump address America has forgotten how to build homes: Redfin CEO To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
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Thu, 17 Oct 2024 21:37:13 +0000 |
Housing affordability is getting tougher. Here's why and how.
The average rate on a 30-year fixed mortgage rose for the third week in a row to 6.44%. As housing affordability remains a key issue for Americans, Market Domination Host Julie Hyman analyzes a Bloomberg Economics chart showing the percentage of monthly income homebuyers are putting toward mortgage payments. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl
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Thu, 17 Oct 2024 17:51:01 +0000 |
Homebuilder confidence hit 4-month high in October. Here's why.
According to the latest data from the National Association of Home Builders (NAHB), confidence among home builders rose to a four-month high in October. Jim Tobin, NAHB CEO, joins Wealth! to break down the state of the housing market and how the election may impact home builders. Tobin explains that home builder confidence is up because of falling interest rates. He tells Yahoo Finance that the Federal Reserve's rate-cutting cycle "is really giving our members, and our survey members in particular, a feeling that we're on the backside of the bad news and that we are looking forward to a lower interest rate environment, certainly for mortgage rates in the future, and that the market is going to come back strong." As the election looms ahead, Tobin explains, "I travel all over the country, talk to builders and homebuyers everywhere. And there really is this kind of constriction in the market because of the political environment right now. Knowing who's going to be at the top of the economy and what kind of philosophy is going to take hold as far as the next four years, I think has really kind of put people in a bit of a pause here, even though rates have fallen." With so much uncertainty, he advises against waiting on the sidelines for Congress to act. While the Harris Campaign has promised incentives for both home buyers and builders, he explains that these plans will have to work their way through Congress, which could take a long time before coming into law. He adds that both candidates see housing — particularly supply — as a top priority. He particularly likes policies focused on supply more than on prices, like measures such as rent control. "I think anything that suppresses prices artificially and gets federal intervention into the marketplace, that scares me," he says. "I think overall, the fact that we've got both candidates talking about housing really earns them a lot of credibility in our builders' minds, and gives us opportunity that no matter who wins the white House, housing is going to be the top of their agenda," Tobin concludes. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl
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Thu, 17 Oct 2024 16:52:03 +0000 |
What are mortgage spreads and how can they ease rates lower?
Looking for relief from rising mortgage rates? Yahoo Finance senior housing reporter Claire Boston sits down with Brad Smith on Wealth to talk about this "little-known factor" that could help ease mortgage rates: mortgage spreads. She explains the dynamic of declining mortgage spreads and what it means for US homebuyers as they contend with condo shortages. Read up on Claire's coverage of rising mortgage rates this week. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
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Thu, 17 Oct 2024 16:19:29 +0000 |
Mortgage rates jump for third week. How do homebuyers feel?
Mortgage rates rose for the third consecutive week, according to the latest data out from Freddie Mac, pushing the 30-year fixed rate mortgage to 6.44%. Yahoo Finance senior housing reporter Claire Boston breaks the latest mortgage rates and explains the implications this has for potential homebuyers struggling to find affordable options in the US housing market. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
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Mon, 14 Oct 2024 16:28:06 +0000 |
1 in 4 Americans struggle with housing costs: Census Bureau
The persistent challenge of affordability in the housing sector has left many Americans questioning their ability to purchase a home. Yahoo Finance Housing Reporter Dani Romero analyzes the factors contributing to this widespread concern. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
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Fri, 11 Oct 2024 22:12:03 +0000 |
The commercial real estate market is in a 'normalization period'
Kevin Fagan, Moody's head of commercial real estate economic analysis, joins Asking for a Trend to discuss the state of the commercial real estate market. "From what we call the space market — which is the market for taking down commercial real estate space in terms of tenancy — rents and vacancies have kind of gone in the wrong direction overall. But then on the price side, prices have been relatively stable. I think that we're probably in what we would call a normalization period," Fagan tells Yahoo Finance. He notes that there has been a migration toward the Sun Belt region of the US. However, it got "a little bit overheated," and demand started to fall. Meanwhile, the Snowbelt has seen improved performance, indicating an overall normalization. As the Federal Reserve kicks off its rate-easing cycle, Fagan explains that transaction volume is starting to tick up and will be able to continue the momentum as interest rates stabilize. While many companies have implemented return-to-office mandates, he notes that demand for office space has improved significantly. However, it still is well below pre-pandemic levels. He adds, "What's really important for real estate is for us to figure out, what kind of space are tenants going to take per employee now in this hybrid work environment? And a lot of tenants still aren't sure about that. It takes a long time for these leases to roll over." Watch the video above to hear what Fagan says about the trend of converting commercial buildings into residential spaces. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl
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Tue, 08 Oct 2024 21:20:50 +0000 |
Looking to buy a home? Here's how you can assess climate risks.
As Hurricane Milton barrels toward Florida, First Street and Zillow (Z) are teaming up to create a first-of-its-kind rating system to assess climate risks on for-sale properties. The monitored risks include heat, wind, and most importantly, flooding. First Street head of climate implications Jeremy Porter joins Asking for a Trend to discuss how this tool can help homeowners as severe weather events become more frequent. While hurricanes are becoming more frequent, Porter says the trend is negative, telling Yahoo Finance, "We're seeing potentially more storms, and if not more storms, stronger storms when they do occur." "Our mission has always been to quantify and communicate climate risk, and when we first started about eight years ago, there were really very few resources that people had for understanding what their climate risk looked like and the resources that did exist for things like FEMA zones. And FEMA zones are just not that user-friendly, they don't capture all of the sources of flood risk. So what we ended up doing was creating our own hazard models at the property level so people could understand not only what the risk is today, but what the risk is into the future, what the risk is to their specific property, and how that might impact their pocketbooks," he says of the Zillow partnership. He explains that this information is crucial for homebuyers to make "smart decisions" about their future. Porter notes that weather is becoming a key issue for Americans, explaining that many in Miami are avoiding low-ground residences. However, a significant move to areas away from major hurricane threats has yet to be seen. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl
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Wed, 25 Sep 2024 16:19:23 +0000 |
Why there's 'upside' in the S&P 500 as the Fed lowers rates
The Federal Reserve kicked off its highly anticipated interest rate easing cycle last week with a 50-basis-point cut. Summit Place Financial Advisors founder and president Liz Miller joins Wealth! to break down how investors can best position their portfolios in a lower-rate environment. "So far this year, we saw the early part of the year really led by, we know, the mega-cap techs and they've held up fine. But what we're going to see now, and we've even started to see in the last week or two, is that some of these other sectors that are more interest-rate sensitive are going to start doing better, like housing and rentals (XLRE) and financials (XLF) and consumer goods (XLP, XLY) that really were struggling in the market the first part of this year," Miller tells Yahoo Finance. With the S&P 500 (^GSPC) at all-time highs, Miller notes that it is largely skewed by mega-cap tech stocks. "When we look at other sectors, they aren't making all-time highs. And our last high in the market was really December 2021," she adds. Thus, she believes that there is a lot of upside in the index as the Federal Reserve continues to cut lower interest rates. As China looks to recover its weak economy through a series of stimulus measures, Miller expects the nation's growth to impact US investments: "What's really needed is to get consumers in China to regain their confidence and start spending again. We look at luxury goods as sort of one of the easy views on what's China spending. We own a lot of multinationals, from Apple (AAPL) to Nike (NKE), that all do better when China is doing better. So we see this in small ways in a lot of US investments too." Miller views Nike as one of her top retail picks following the leadership shake-up. She calls the company "one of the most valuable brands in the world," and with the stock's decline over the last few years, investors can get it at a discount. She expects to see a "turnaround story" in Nike's fundamentals, and hopes to see new leadership return the company to its competitive position. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
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