Real Estate Stocks

The Homebuilders sprang to life last week after wallowing most of the Summer.  Perhaps the market is anticipating a somewhat stronger Spring season than previously thought.

 The Homebulder ETF had a nice 10% run last week.  $16 is now strong support.  $18 is a good target.

The REITs continue their torrid year, breaking out to new 52 week highs.  Having direct access to the capital markets have positioned the REITs to take advantage of bargain basement prices.

 VNQ has no overhead resistance so the low $60s should be achievable.  Strong support is at $53.5.

Home Improvement stocks look poised for a breakout.  The giant, Home Depot, has enjoyed an 18% run since Sept. 

 Should HD break its downtrend line it should challenge its April high of $36.

Ten Year treasury rates have plummeted 37% since May.  I suppose the only certainty is that they can't go below 0%.

 It's hard to imagine a similar plunge going forward, but the Fed seems hellbent on trying. 

Local surviving Banks are starting to mend.  Banner Bank hit rock bottom last week after the "lock up" period expired, subsequent to their massive secondary offering in June.

There is still a ton of supply at $2 which will impede upside progress, but the bottom is in.

There is plenty of work still to be done in the Real Estate arena, but the signs of improvement abound.