Real estate stocks edge down as Treasury yields surge, borrowing costs rise
Real estate stocks fell this week as Treasury yields surged, with the S&P 500 Real Estate Index down 2.59%. Major losers included Jones Lang LaSalle (-12.62%) and CBRE Group (-11.19%), while Essex Property Trust gained 1.33%. Concerns over AI disrupting commercial real estate services contributed to the decline. The broader market showed signs of weakness, with 36.8% of S&P 500 stocks considered oversold.
Source: businessinsider The copyright of this article belongs to the original author/organization.
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