Equities, Cash and Real Estate as % of U.S. Household Net Financial Wealth Stocks have overtaken real estate as the bigger store of household wealth in the U.S., and that has become a meaningful tailwind for spending. Image: Goldman Sachs Global Investment Research
Real Estate Positioning At the 89th percentile, real estate positioning is firmly overweight, leaving the trade at risk if yields climb or rate-hike expectations pick up. Image: Deutsche Bank Asset Allocation
Real Estate Flows The longest streak of inflows into REITs since March 2022 highlights investor confidence in the long-term value and resilience of the real estate sector, driven by expectations of potential Fed rate cuts. Image: BofA Global Investment Strategy
FMS Investors – Net % Overweight Real Estate FMS investors continue to have a pessimistic outlook on the real estate market. Image: BofA Global Fund Manager Survey
Valuation – S&P 500 Real Estate Sector P/E Ratio vs. S&P 500 P/E Ratio Real estate stocks look attractive relative to the S&P 500. Image: Morgan Stanley Wealth Management
Credit – Euro Real Estate IG Bond Spread The risk of a credit event has increased significantly this year. Image: BofA Global Investment Strategy
Market – Biotech ETF vs. Real Estate ETF Price Relative How could investors determine a market reversal? Watch biotech (deflation) to print low vs. real estate (inflation). Image: BofA Global Investment Strategy
Asset Class Sentiment – Real Estate Real estate asset sentiment is bad, which is contrarian bullish. Image: Topdown Charts
Households – Equity (Dir + MF) and Real Estate Equity Households are loaded with equities. What could go wrong? Image: TS Lombard
Inflation – Real Estate Real Dividend Yield vs. TIPS Real Yield Real estate real dividend yields remain attractive relative to TIPS real yields. Image: BofA US Equity & Quant Strategy
Real Estate Stocks – Weekly Real Estate Flows Could real estate stocks present opportunities? Image: BofA Securities