As the economic outlook degrades in the face of persistent and widespread inflation and GDP projection revision for Q1 was worse than expected, real estate will take a hit. Currently seeing record prices while the beginning of rate hikes and slowing sales appears.
A short opportunity exists and is currently reflected in a massive volume uptick in anticipation of a significant market correction appears imminent in the Dow Jones Real Estate Index.
Near-term ~20% to 25% price target with a substantive longer-term potential quite a bit higher if the macroenvironment doesn't turn around and the economic headwinds don't soften.
This is an inverse short play, so market retraction provides impetus to long $REK.
A short opportunity exists and is currently reflected in a massive volume uptick in anticipation of a significant market correction appears imminent in the Dow Jones Real Estate Index.
Near-term ~20% to 25% price target with a substantive longer-term potential quite a bit higher if the macroenvironment doesn't turn around and the economic headwinds don't soften.
This is an inverse short play, so market retraction provides impetus to long $REK.
