Real Estate - Fresh Data Dispels Housing Concern

A sharp decrease in existing home sales for February recently raised concern about the state of the real estate market. I believe the cause of the decrease was anomalous in nature, and data reported on Wednesday seems to confirm my view. I believe this fresh data along with a report from earlier in the week should dispel concern about housing. See more of this report here: Fresh Data Dispels Concern About Housing.

Housing Relative Shares	03-31-16 Approx. Noon
SPDR S&P 500 (NYSE: SPY)	+0.2%
SPDR S&P Homebuilders (NYSE: XHB)	+0.7%
iShares US Real Estate (NYSE: IYR)	+0.5%
D.R. Horton (NYSE: DHI)	+0.2%
K.B. Home (NYSE: KBH)	+2.6%
J.P. Morgan Chase (NYSE: JPM)	-0.1%
Wells Fargo (NYSE: WFC)	+0.1%
MGIC Investment (NYSE: MTG)	+0.5%
Radian Group (NYSE: RDN)	+0.2%
Investors Title (Nasdaq: ITIC)	+0.0%
Home Depot (NYSE: HD)	+0.5%
iShares Mortgage Real Estate (NYSE: REM)	+0.7%
Invesco Mortgage Capital (NYSE: IVR)	+1.6%
New Residential Investment (NYSE: NRZ)	+1.1%

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