Bearish on Real Estate ProShares UltraShort Real Estate (ETF) (NYSEARCA:SRS)
Stock Traders Daily has issued Bearish comments on Real Estate and Real Estate Stocks. From the report: "We believe Real Estate is in an asset bubble in most urban parts of the country and we believe that bubble is going to burst."
In association with that call bearish comments were issued on Simon Property Group Inc (NYSE:SPG), Realty Income Corp (NYSE:O), Toll Brothers Inc (NYSE:TOL) and the ETF associated with Real Estate, ProShares Ultra Real Estate (ETF) (NYSEARCA:URE).
Conversely, Stock Traders Daily mentioned ProShares UltraShort Real Estate (ETF) (NYSEARCA:SRS) positively.
On Friday positive Jobs data influenced interest rates even higher, they had already been increasing on the heels of Janet Yellen's public testimony and behind-closed-doors meetings earlier in the week where she was largely rumored to have warned both Treasury officials and Banking Officials to prepare for higher rates, but on Friday the tipping point may have come.
According to Stock Traders Daily, "Higher Interest Rates have vastly negative influences on Real Estate Demand." Higher Interest Rates also are a negative headwind for economic activity and commercial property values are also likely to come under pressure as a result.
According to Stock Traders Daily, "The real estate bubble is not limited to residential real estate."