Federal Reserve Chair Jerome Powell signals possible rate cuts in 2024, sending real estate stocks soaring to outperform all other sectors in the S&P 500.
It’s shaping up to be a positive Thursday on Wall Street, with risk sentiment remaining robust after the Federal Reserve effectively opened the door to rate cuts in 2024.
Realty Income is acquiring Spirit Realty to become 4th-largest REIT, bringing advantages & challenges. Valuation for Realty Income stock appears attractive at present.
Democrats in Congress proposed bill that could end hedge funds' interference in US single-family home market; proposed bill would bar them from owning such properties in the future.