On Wednesday, the Fed announced it would lower interest rates for the first time since 2008. The announcement, which experts predict could make real-estate deals more profitable, followed a strong year to date for stocks in the sector. By mid June, a quarter of the 32 real-estate companies on the S&P 500 were reportedly trading at their highest levels in the past year. In July, after Federal Reserve Chairman Jerome Powell hinted at a possible […]
source https://therealdeal.com/2019/08/01/charted-how-real-estate-stocks-have-performed-so-far-this-year-post-rate-cut/
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