Real Estate Stocks - Update

Since my last post, it appears the market continues to believe Real Estate is moving up off the bottom.

The HomeBuilder index hit its target of $18 and now has a couple of tails off the high.  It may need to reset from here, but the market is certainly anticipating an improved environment for the Spring.  I hope the market is right. 

The REITS have been treading water since the Fall.

Great support remains at $53. 

Home Improvement Stocks were buoyed by strong earnings reports.

As anticipated, Home Depot challenged its May high of $36, making it to $35.57. 

10 year Treasury Rates have surged.

There doesn't seem to be any impediments to rates hitting 3.85%.  It doesn't appear to be ready to break the trendline at this time.  Will need to watch.

Banner Bank skyrocketed after it became clear they weren't going under.  The stock has launched over 40% since mid-December.  There ought to be plenty of support at $2.00, where the secondary offering went off.