Why Real Estate Stocks Were Hurting Today
Easterly Government Properties(DEA) The Motley Fool·2024-04-11 05:56
It looks like high interest rates are here to stay for a while.Hump Day proved to be insurmountable for real estate stocks. A great many of them saw notable dives in their stock prices, on worries that the chances for the Federal Reserve to cut its key interest rate were fading. From real estate investment trusts (REITs) to brokers to mortgage financiers, stocks across the sector took body blows during the Wednesday trading session.Among the numerous real estate decliners were Easterly Government Properties ...