short IYR - do I hang in?

[sloopster]

The IYR is an exchange traded fund for real estate. I shorted several hundred shares about two weeks ago thinking that the real estate market has been played out, but the stock is up a little. Do I hang in there or close it out?

Sloopster

[chazutx]

Well no one on here will specifically tell you to sell it, or buy anything for that matter. I just read an article online this morning that said construction on new housing is at a low and interest rates on 30yr fixed mortgages were at a two-year high. Take that for what it's worth. Goodluck!