Print
EmailReal estate stocks outperform general market
For the second straight year, real estate stocks ended the year with gains twice as high as the general stock market, The Wall Street Journal reported.
According to Dow Jones, REITs were up 27 percent as of Dec. 28. And while that figure is down slightly from last year’s gains of 28.5 percent, it more than doubled the Dow Jones Industrial Average, which was up 11 percent on the year as of Monday. Similarly, the S&P 500 was up 12.86 percent in 2010.
The surge was mainly triggered by investors looking for higher yields, since REIT dividend yields, at roughly 4 percent, were higher than the 3.35 percent on Treasury bonds. However, during the fourth quarter, REITs mainly kept pace with the general stock market as continued high unemployment worried investors.
More like this
Comments on: "Real estate stocks outperform general market"
RELATED ARTICLES
Wisconsin-based window and door manufacturer cited for worldwide
export by Acting Secretary of Commerce Rebecca Blank.
The 2012 NAHB study “What Home Buyers Really Want” shows a decided preference for crown moldings. Sixty-two percent of respondents rated crown moldings the third most...
Seattle architect Ross Chapin knows all about designing smaller, smarter homes. Chapin, principal of Ross Chapin Architects, Langley, Wash., has long been a proponent of...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
