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REITs as macro indicators
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AT-December 2008-8
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The performance of REITs over the past several years reflects the changing economic landscape.
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Detailed Description
The sub-prime mortgage mess, housing bust, and credit crunch of 2007-2008 notwithstanding, it is safe to say investors in general and American investors in particular have a love affair with real estate of all kinds. There is a kind of certainty associated with being able to open the door of an investment and walk into it. While stocks and bonds are representations of income-producing assets, real estate is an income-producing asset.
We are not talking about your home here, but rather the investable pools of real estate known as real estate investment trusts, or REITs.
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