ETF Trends
07-24-2008, 02:30 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/07/infographic-home-sales-r.jpgSome stocks and exchange traded funds (ETFs) are trading lower today after existing home sales fell in June.
The 2.6% drop was more than twice what had been expected, reports Martin Crutsinger for the Associated Press (http://biz.yahoo.com/ap/080724/home_sales.html). Sales are also 15.5% below what they were a year ago.
Prices are continuing to slide, too: the median price for a home sold last month was $215,100, off by 6.1% from a year ago. It’s the fifth-largest year-over-year price drop on record.
Last week, it was announced that single-family homebuilding lost 5.3% in June (http://www.etftrends.com/2008/07/homebuilder-etfs-get-a-lift-from-reports.html).
On the upside, one economist feels that the housing rescue bill should help the housing market bounce back. The tax break it includes for first-time homebuyers could help sales.
Home construction and real estate ETFs are trading lower this morning on the news:
iShares Dow Jones US Home Construction (ITB (http://finance.yahoo.com/q?s=ITB)), down 5.7% year-to-date
SPDR S&P Homebuilders (XHB (http://finance.yahoo.com/q?s=xhb)), down2.4% year-to-date
DJ Wilshire REIT (RWR (http://finance.yahoo.com/q?s=rwr)), down 3.7% year-to-date
Vanguard REIT Vipers (VNQ (http://finance.yahoo.com/q?s=vnq)), down 4.2% year-to-date
iShares FTSE NAREIT Residential Index Fund (REZ (http://finance.yahoo.com/q?s=rez)), down 17.5% year-to-datehttp://www.etftrends.com/wp-content/uploads/2008/07/z98.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/344840912/existing-home-sales-take-down-real-estate-etfs.html)
http://www.etftrends.com/wp-content/uploads/2008/07/infographic-home-sales-r.jpgSome stocks and exchange traded funds (ETFs) are trading lower today after existing home sales fell in June.
The 2.6% drop was more than twice what had been expected, reports Martin Crutsinger for the Associated Press (http://biz.yahoo.com/ap/080724/home_sales.html). Sales are also 15.5% below what they were a year ago.
Prices are continuing to slide, too: the median price for a home sold last month was $215,100, off by 6.1% from a year ago. It’s the fifth-largest year-over-year price drop on record.
Last week, it was announced that single-family homebuilding lost 5.3% in June (http://www.etftrends.com/2008/07/homebuilder-etfs-get-a-lift-from-reports.html).
On the upside, one economist feels that the housing rescue bill should help the housing market bounce back. The tax break it includes for first-time homebuyers could help sales.
Home construction and real estate ETFs are trading lower this morning on the news:
iShares Dow Jones US Home Construction (ITB (http://finance.yahoo.com/q?s=ITB)), down 5.7% year-to-date
SPDR S&P Homebuilders (XHB (http://finance.yahoo.com/q?s=xhb)), down2.4% year-to-date
DJ Wilshire REIT (RWR (http://finance.yahoo.com/q?s=rwr)), down 3.7% year-to-date
Vanguard REIT Vipers (VNQ (http://finance.yahoo.com/q?s=vnq)), down 4.2% year-to-date
iShares FTSE NAREIT Residential Index Fund (REZ (http://finance.yahoo.com/q?s=rez)), down 17.5% year-to-datehttp://www.etftrends.com/wp-content/uploads/2008/07/z98.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/344840912/existing-home-sales-take-down-real-estate-etfs.html)